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CompanyProfile

Earn trust, drive revenue

with AI-powered platform

wipesum was founded in 2016 in Los Angeles
by two brothers and a small team of payment
experts who wanted to bring transparency
S and trust to business and processor relation-
ships. In 2018, the independent payments consultancy
moved to St. Louis, and began developing Staitment,
an AI-powered platform designed to analyze merchant
statements in seconds, which was launched in 2020.
ISO/MLS contact:
Michael Seaman, co-founder and CEO of Swipesum,
mentioned that he has frequently seen processors obscure Michael Seaman
pricing structures. Swipesum's mission, he said, is to re-
turn power to businesses by shedding light on these ob- Co-founder & CEO
scurities. "Swipesum acts as a business's chief payments
officer, combining industry knowledge, AI and propri- save@swipesum.com
etary software to create a transparent payments strategy 844-312-0589
that optimizes payment processing fees," he said. "With
Swipesum, businesses have access to data-driven solu- www.swipesum.com
tions with built-in profitability calculators and pricing
tools to help provide deeper insights into their current
payment processing setup."

AI and human expertise
The company also provides businesses with access to re-
Seaman, who currently leads a 22-member team, further duced-cost wholesale transaction rates, proprietary state-
noted that Swipesum combines industry knowledge, AI ment software, and a team of payment experts focused on
and proprietary software to help businesses uncover hid- bringing transparency to financial decisions. These com-
den fee structures. The company's one-of-a-kind mer- bined assets help businesses save money and better un-
chant statement software includes tools that help com- derstand their payments experience, the company stated.
panies understand payment statements, he noted. As he Enriching partner relationships
reflected on recent milestones, Seaman noted that Swipe-
sum was named a 2023 Inc. 5000 Fastest Growing Compa- Swipesum also mentioned that its growing partner net-
ny and ranked number 729 nationally overall. He called work includes ISOs, MLSs and payments enterprises that
the accomplishment a testament to the company's growth share a commitment to providing the most accurate rec-
and tenacity. ommendations to their merchant customers. Swipesum
brings new revenue streams to this member network that
In addition, Swipesum has expanded its presence in the can drive millions in new business opportunities, the
franchise industry, gaining recognition as an Entrepre- company stated, adding that these collaborations create
neur 2023 Top Franchise Supplier. Swipesum's dedication endless opportunities for growth and business expan-
and impact in this space has helped franchises find flex- sion, they noted.
ible and secure solutions that reduce the fees associated
with accepting credit cards, he added. Seaman pointed out that businesses come to Swipesum

Digital-first solution suite to better understand and analyze their payments experi-
ence. Collaborating with Swipesum helps partners attract
Swipesum representatives noted that the company is and retain a plethora of new customers and expand their
constantly enhancing its solutions and technology suite, professional networks as they create mutually beneficial
which includes payment consulting, vendor evaluations, business relationships, he added.
payment optimization and protection from chargebacks
and security threats. These solutions, they added, are de- Seaman attested that in the last year alone, Swipesum has
signed to address every aspect of a company's payment helped merchants save $1.6 million and has consulted on
experience beyond just processor relationships and mer- more than $10 billion in processing volume. The company
chant statement analysis. By eliminating most credit card plans to surpass these milestones and create new markers
processing fees, Swipesum finds businesses the best pay- for success, he added. Over the next five years, he noted,
ment solution with the most favorable terms and no hid- Swipesum expects to expand the capabilities of its mer-
den fees involved, the company stated, noting that Swipe- chant statement software and open the door for new op-
sum reduces payment processing fees by an average of 40 portunities to integrate its technology and further opti-
percent for clients and partners. mize the payments experience.
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