Comparison
Underly vs MetrikData
Both read MCA bank statements, start free and offer an API. MetrikData adds a risk score; Underly adds CSV and Excel files, debt labelled by kind and pricing by the statement.
LendPipe team
Underly
Bank statement analysis for lenders, brokers and accountants
- Best for
- Funders, ISO brokers and accountants
- Try it
- 10 statements free, no card
- Paid plans
- From $49 a month for 100 statements
- You pay for
- Statements: one account, one month
MetrikData
MCA stacking detection and bank statement underwriting
- Best for
- MCA brokers, ISOs and funders
- Try it
- 10 credits free, no card
- Paid plans
- From $99 a month for 75 credits
- You pay for
- Credits: 1–2 a statement, more if scanned
Where they differ
How is Underly different from MetrikData?
Transactions behind every figure, not a score
- Underly
- No score. Every figure opens the transactions it came from.
- MetrikData
- A risk level and score built from six published, weighted factors.
Every debt labelled by kind
- Underly
- MCAs, bank loans, leases, factoring, BNPL and debt collection, each with its own payment and cadence.
- MetrikData
- Daily and weekly advances count toward stacking; monthly fixed payments count as debt service.
PDF, CSV or Excel in one analysis
- Underly
- Reads PDF, CSV and Excel statements, and photos. Each photo is read as its own file, so put a longer statement's pages in one PDF.
- MetrikData
- Reads PDFs, including scans and photos for an extra credit. No CSV.
Side by side
Underly and MetrikData, line by line
| Underly | MetrikData | |
|---|---|---|
| Reading the statements | ||
| Existing positions | Funder named from each debit's descriptor | Known payee first, then regular intervals |
| True revenue | Transfers, owner money, financing and returns removed | Burden measured against true revenue |
| Balances | Average daily, lowest, negative days and NSFs | Low and negative days, NSFs, returned items |
| Altered statements | PDF metadata and balance checks, rated | Six checks, from metadata to duplicate rows |
| What you get back | ||
| Risk score | No: Figures traced to transactions | Yes: Six published factors |
| Exports | CSV, Excel workbook and PDF report | PDF and CSV |
| API | Yes: Paid plans, with webhooks | Yes: Pro and Team plans |
| Data and coverage | ||
| Currencies | US dollars and pounds sterling | US and UK, with UK reports in GBP |
| Model training | Statements never used | Statements not used |
| Hosting | SOC 2 Type II audited providers | SOC 2 Type II infrastructure |
MetrikData facts from 6 pages on metrikdata.com, checked October 13, 2026
Fit
Which should you choose?
Choose MetrikData if
- You want a risk score next to the figures.
Choose Underly if
- Statements come as CSV or Excel exports, not just PDFs.
- You want each debt labelled by kind.
- You'd rather open the transactions than read a score.
- You're an accountant who needs the ledger in Excel.
Price
Is Underly cheaper than MetrikData?
A four-month file on one account
Underly
$49 a month covers 100
4 statements
MetrikData
$99 a month covers 75
4 to 8 credits
Long statements cost MetrikData 3 credits and scanned ones 1 more. Underly counts a month over 150 transactions once for every 150.
FAQ
Common questions
Is Underly a good MetrikData alternative?
Yes, if you want the figures without a score. Both read MCA bank statements for existing positions, true revenue, negative days and NSFs, run in the browser and start free with no card. Underly also reads CSV and Excel statements and labels each debt by kind.
Does Underly have a risk score like MetrikData?
No. Underly shows the figures and the transactions behind each one, and leaves the decision to you. MetrikData publishes a risk level and score built from six weighted factors.
Can I try both on the same file?
Yes. Underly's first 10 statements are free with no card, and every MetrikData account starts with 10 free credits, also with no card.
Do Underly and MetrikData read UK bank statements?
Both do. Underly reads statements in US dollars and pounds sterling, and MetrikData returns UK reports in GBP.
Start with 10 free statements
No card required. Unlimited users on every plan.