REPAY and Worth Partner for KYB and Underwriting Tools to Speed Merchant Onboarding and Vendor Enrollment
29 Enero 2025 - 7:30AM
Business Wire
REPAY (NASDAQ: RPAY), a leading provider of
vertically-integrated payment solutions, today announced a
strategic integration with Worth, the all-in-one fintech platform
for underwriting and onboarding workflow automation.
REPAY’s integration with the Worth platform will enable faster
merchant onboarding and high-volume AP vendor enrollments,
leveraging Worth’s 1,100-plus data points for precise, transparent
and timely decisioning of underwriting and onboarding activities.
The tool will be deployed across the Consumer and Business Payments
verticals in support of merchant and vendor onboarding activities
respectively.
“Partnering with REPAY allows us to deliver industry-leading
data and tools in support of their merchant and vendor onboarding
processes,” said Sal Rehmetullah, Worth co-founder and CEO.
“Worth’s mission to democratize data and provide decision
transparency for enterprises is well-aligned with REPAY’s use case.
Through our enhanced, data-driven approach, we can accelerate
REPAY’s time to revenue for new implementations.”
“Our integration with Worth should reduce time spent on merchant
onboarding while helping to mitigate KYB risk with the intelligent
data provided through the platform,” said David Guthrie, CTO of
REPAY. “By embedding the Worth advanced financial tools into our
merchant underwriting and vendor onboarding processes, we can
quickly and safely add businesses to the REPAY ecosystem.”
About REPAY
REPAY provides integrated payment processing solutions to
verticals that have specific transaction processing needs. REPAY's
proprietary, integrated payment technology platform reduces the
complexity of electronic payments for clients while enhancing the
overall experience for consumers and businesses. For more
information, please visit repay.com.
About Worth
Worth is a leading fintech platform that automates onboarding
and underwriting for financial institutions. Powered by a large
database with millions of small businesses, the all-in-one solution
integrates workflow automation, Know Your Business (KYB), Know Your
Customer (KYC), bank verification, fraud detection, and credit
underwriting. This enables enterprises to onboard customers quickly
and confidently. With deep insights into small business data, Worth
accelerates time-to-revenue while fostering a more equitable
financial ecosystem where both enterprises and small businesses can
thrive. For more information, please visit
https://worthai.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20250128387910/en/
Investor Relations Contact for REPAY: IR@repay.com
Media Relations Contact for REPAY: Kristen Hoyman
khoyman@repay.com
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