Debt Collection Reimagined, Reinvented, and Revolutionized
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
Collected with Paydit
Successful payments
Leadership
Richard Formoe
Co-Founder & Chief Executive Officer
Nick Varnitski
Founder & President
Ryan Perry
EVP of Operations
Eugene Pratasenia
Founder & Chief Technology Officer
“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.






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Paydit gives you everything you need to negotiate and pay past-due accounts anytime, from anywhere.
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