Overview
Universal Processing LLC (uP) is a distinguished fintech company headquartered in New York City, primarily devoted to delivering payment solutions and point-of-sale services. The company has a unique emphasis on serving underserved communities. Founded in 2003 by Saint Hung, who continues to be its CEO, Universal Processing is recognized as an award-winning, Minority-Owned Business. It is noted among the Top 100 Fastest Growing Asian American Businesses by the USPAACC due to its innovation, growth trajectory, and community impact.
Services and Solutions
Universal Processing offers a comprehensive array of innovative payment processing solutions vital for small and mid-sized businesses. Their full-service provision includes merchant processing to point-of-sale solutions, coupled with a hallmark 24/7 multilingual support service that ensures customer satisfaction and seamless operational efficiency.
Financial Information
The company reported an annual revenue of $57.7 million. It has secured a total funding of $891,000 across several funding rounds, highlighting its financial robustness and potential for growth within the fintech domain.
Leadership Team
The leadership at Universal Processing plays a crucial role in sustaining growth and innovation:
- Saint Hung, Founder & CEO: A fintech industry pioneer committed to supplying revolutionary payment solutions.
- Bufan Yang, COO: Oversees operations with an emphasis on technology and management to uphold operational superiority.
- Nana Huo, CFO: Guides financial strategies and operations, ensuring the company’s financial well-being and strategic foresight.
- Hao Yuan, VP of Business Development: Focuses on relationship management and sales to augment business opportunities.
- Jinzhao Liu, VP of Operations: Enhances operational effectiveness and promotes growth.
- Patrick S., VP of Marketing: Infuses extensive marketing expertise to boost the company’s market presence.
- Sophie (Yuchan) Zhai, VP of Business Development: Utilizes her expertise in client engagement to propel sales and partnerships forward.
Contact Information
- Headquarters: 60 West 38th St, Floor 2, New York, NY 10018
- Sales: (888) 885-8358
- uProcess Support: (888) 908-6888
- Email: info@letsgoup.com
Strategic Partnerships
Universal Processing is a registered ISO of key banking institutions including Esquire Bank, MVB Bank Inc, Wells Fargo Bank, and Central Bank, which fortifies its service offerings and augments the value to its clients.
Online Presence
- Website: [Universal Processing](https://letsgoup.com/)
- LinkedIn: [Universal Processing LinkedIn](https://www.linkedin.com/company/letsgoup/)
Competitor Profiling
Examining the competitive landscape is vital for understanding Universal Processing's market position. Key competitors include:
BlueSnap
- Business Focus: BlueSnap operates a Global Payment Orchestration Platform to streamline payments, noted for its modular technology adaptable to business needs.
- Recent Leadership Changes: Under new CEO Henry Helgeson since March 2024.
- Unique Offerings: Offers integrated payment capabilities and supports geographical variations under a unified contract.
Klarna
- Business Focus: This Swedish fintech leader specializes in online financial services, notably installment payments.
- Growth Metrics: 2024 metrics indicate service to over 85 million consumers and 600,000 merchants, facilitating approximately 2.5 million daily transactions in 26 countries.
- Unique Offerings: Provides an app catering to smarter shopping with flexible payment options and cashback incentives.
PayPal Holdings, Inc.
- Business Focus: Dominant in the online payment realm with extensive services, including PayPal Credit and Braintree.
- Scale: Manages a transaction volume exceeding $1.53 trillion globally.
Adyen N.V.
- Business Focus: Dutch payments firm offering e-commerce, mobile, and point-of-sale transactions.
- Operationally Distinctive: Functions as an acquiring bank, streamlining transactions for clients through centralized payment methods and currency management.
Stripe
- Business Model: Income generation through API-driven payment processing solutions for a variety of internet businesses.
- Market Presence: Engaged by leading global enterprises, positioning it as a significant player in commerce technology.
Each competitor presents unique strengths and methodologies that can impact Universal Processing LLC's strategy. A comprehensive understanding of these competitors' technologies, services, and market advances is essential for aligning development strategies and staying competitive.
