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CompanyProfile

Drive deals with one-stop payments,

document management

nder was founded in Chicago in 2019 by Mike
Abramovic and Jeff Shea to bring transpar-
ency to payments engineering, sales and tech-
U nology. The former Payline Data executives
wanted to start afresh with a new tech-driven ISO fol-
lowing the 2018 sale of Payline Data. The fintech startup
raised its first round of funding in 2019 shortly after its ISO/MLS contact:
inception, followed by a second round in 2022. Today the
Chicago-based company's 10 full-time employees, part- Colin Driscoll
time workers and engineering interns provide end-to-end
integration services to ISOs, processors and ISVs. Director of Business Development
cdriscoll@under.io
Colin Driscoll, director of development at Under, noted
that the company tailors payments integration to client 773 789 4262
and partner requirements in what he described as a
comprehensive approach. "There are two main competitors www.under.io
when it comes to what we do in the payments space," he
said. "One of them does not offer as many integrations
into processors/CRMs as we do, and the other does not Driscoll further noted that the platform is easy to use and
offer an online application and e-signature gathering replaces clunky, hard-to-use pdf forms with user-friendly
feature. We pride ourselves on offering the full front- to online documents. These capabilities, combined with
back-end experience of onboarding MIDs for ISOs." merchant identity verification, substantially decrease
Bridging workflow gaps the number of pended applications and accelerate live,
approved applications, he noted.
Under's technology suite and platform are designed Channel partner benefits
to help financial services companies streamline the
data collection process, Driscoll stated. By collecting, Under's account validation and verification services
synthesizing and integrating data, documentation and include KYC, KYB, credit verification and banking
e-signatures, the software aggregates workflows and validation, and these capabilities are further enhanced by
seamlessly integrates with multiple onboarding APIs and the company's advanced decision engine and performance
CRM systems, further enhancing the customer experience reporting features, the company stated, adding that all
by seamlessly mapping data onto other applications, he technologies are customized according to user needs
added. and preferences, and hierarchy permission levels can be
implemented to create structured, protected, multi-tiered
Driscoll additionally noted that Under serves as a strong workflows.
front-end middleware that captures and uploads essential
lead data to a CRM or onboarding platform with just a Driscoll pointed out that Under supports numerous use
few clicks. The platform supports unlimited users, he cases through its partnerships with processors, ISOs,
added, which allows merchant level salespeople (MLSs) MSPs, ISVs and individual MLSs. Under offers a range
to focus on sales instead of administrative tasks. of plans and provides flexible pricing models that, he
Agent benefits said, are designed to grow and scale with its partners. He
encouraged potential partners to test drive the service at
In addition to integrating existing processor and no charge for 30 days and noted that companies can sign
CRM platforms, Under provides a full range of digital up in under a minute to create a demo account.
applications, including e-signature collection, document
gathering and data validation services, Driscoll stated, Under, a third-place 2022 Catapult winner at the Northeast
adding that the company fully automates the process of Acquirers Association conference, has been recognized
onboarding MIDs, which enables channel partners to by the payment industry for its unique approach to
quickly gather more applications. simplifying data collection and electronic documentation
and accelerating the merchant onboarding process. The
"Under is a one-stop shop for all of an agent's applications," company looks forward to continuous innovation as it
Driscoll said. "Our platform eliminates manual data entry hires more employees, expands its technology suite and
and reduces errors, saving MLSs time and money." grows its client partnerships, Driscoll said.

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