REPAY announced a strategic integration with Worth, a fintech platform specializing in underwriting and onboarding workflow automation. This partnership is designed to facilitate faster merchant onboarding and high-volume AP vendor enrollments. The Worth platform leverages over 1,100 data points to provide precise and timely decisioning for underwriting and onboarding activities.
The new tool will be deployed across REPAY’s Consumer and Business Payments verticals, supporting both merchant and vendor onboarding processes. This integration is expected to reduce the time spent on onboarding new businesses. It also aims to mitigate Know Your Business (KYB) risk through intelligent data provided by the Worth platform.
David Guthrie, CTO of REPAY, stated that embedding Worth's advanced financial tools will allow REPAY to quickly and safely add businesses to its ecosystem. This collaboration is intended to accelerate REPAY's time to revenue for new implementations by streamlining internal processes and enhancing data-driven decision-making.
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