Digital Repayments Reimagined

Who We Are

Paydit is a white-label, online debt negotiation platform that leverages AI and ML to empower consumers with a comfortable, self-serving digital negotiation experience available 24/7. Paydit’s technology acts as a “Virtual Agent” enhancing your collections capacity while eliminating the burden of collection calls. We are reinventing debt collection.

80% of our platform engagement is on mobile devices, and 50% of those that engage with the platform settle their debt. For ease of mind, we ensure you have full compliance and flexibility to quickly adjust to the ever-changing state and federal rules and regulations.

Processed accounts

Settled accounts

Recovered with Paydit

Successful payments


Richard Formoe

Co-Founder & Chief Executive Officer

Michael Atme

Chief Revenue Officer

Nick Varnitski

Founder & President

Ryan Perry

EVP of Operations


Eugene Pratasenia

Founder & Chief Technology Officer


Dustin Mena

VP, Growth

“We are maniacally focused on bringing you the power of technology to intelligently reinvent debt collection through innovation. Our technology allows you to put the consumer in the driver seat to financial freedom.”


Richard Formoe, CEO at Paydit

Our Values & Vision

Data-Driven Digital Transformation

Working with the latest state-of-the-art AI and ML technologies, we harness the power of data to help you stay in touch with the consumer across multiple digital touchpoints, when they want, where they want, and how they want.

Constantly Evolve & Stay Ahead

In this ever-changing business landscape, our platform is built to allow you to keep up with innovation & compliance. We’re constantly developing & enhancing cutting-edge technology solutions for collections and lending.

Consumers Deserve Financial Freedom

Having debt in collections is an extremely stressful time for anyone. Our mission is to put the consumer back in the driver’s seat to financial freedom. Consumers can negotiate or settle their debt when they want, where they want, and how they want. All digitally.

Exceptional Results

Debt collection is now as simple as ever, and consumers enjoy their digital journey to financial freedom.

Grow with Paydit

Our machine learning and repayment platform integrates
with tools you already use, so you can continue to grow

Ready to digitally transform your recoveries?