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Qudian Inc. Reports First Quarter 2024 Unaudited Financial Results

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XIAMEN, China, June 13, 2024 /PRNewswire/ — Qudian Inc. (“Qudian” or “the Company” or “We”) (NYSE: QD), a consumer-oriented technology company in China, today announced its unaudited financial results for the quarter ended March 31, 2024.

First Quarter 2024 Financial Highlights:

Total revenues were RMB55.8 million (US$7.7 million), compared to RMB21.9 million for the same period of last yearNet loss attributable to Qudian’s shareholders was RMB73.6 million (US$10.2 million), compared to net income of RMB414.3 million for the same period of last year; net loss per diluted ADS was RMB0.38 (US$0.05) for the first quarter of 2024Non-GAAP net loss attributable to Qudian’s shareholders was RMB73.5 million (US$10.2 million), compared to Non-GAAP net income of RMB416.0 million for the same period of last year. We exclude share-based compensation expenses from our non-GAAP measures. Non-GAAP net loss per diluted ADS was RMB0.38 (US$0.05) for the first quarter of 2024

“We are pleased to announce the exciting advancements in the development of our smart last-mile delivery business, which generated approximately RMB53.8 million in revenue in first quarter of 2024, compared to RMB0.3 million for the first quarter of 2023,” said Mr. Min Luo, Founder, Chairman and Chief Executive Officer of Qudian. “Moving forward, we remain steadfast in our commitment to executing our business transition and simultaneously maintaining prudent cash management to safeguard our balance sheet.”

First Quarter Financial Results

Total revenues were RMB55.8 million (US$7.7 million), representing an increase of 155.5% from RMB21.9 million for the first quarter of 2023.

Sales income and others increased to RMB55.8 million (US$7.7 million), which was mostly attributable to sales income generated by last-mile delivery business, compared with RMB21.9 million for the first quarter of 2023, which was mainly attributable to sales income generated by QD Food business. We have completely wound down the QD Food business in 2023.

Total operating costs and expenses increased to RMB128.4 million (US$17.8 million) from RMB83.9 million for the first quarter of 2023.

Cost of revenues increased to RMB58.0 million (US$8.0 million), which was mostly derived from cost related to last-mile delivery business, compared with RMB22.8 million for the first quarter of 2023, which mainly comprises cost related to QD Food business.

General and administrative expenses increased by 11.8% to RMB57.3 million (US$7.9 million) from RMB51.2 million for the first quarter of 2023, primarily due to the increase in staff head count as the Company continues to explore new business opportunities, which led to a corresponding increase in staff salaries.

Research and development expenses increased by 51.5% to RMB15.9 million (US$2.2 million) from RMB10.5 million for the first quarter of 2023, primarily due to the increase in staff head count as the Company continues to explore new business opportunities, which led to a corresponding increase in staff salaries.

Loss from operations was RMB72.5 million (US$10.0 million), compared to RMB28.9 million for the first quarter of 2023.

Interest and investment income, net decreased by 77.5% to RMB54.2 million (US$7.5 million) from RMB241.3 million for the first quarter of 2023, mainly due to the decrease of income from investments in the first quarter of 2024.

Gain/(loss) on derivative instrument was a loss of RMB36.5 million (US$5.1 million), compared to a gain of RMB286.9 million for the first quarter of 2023, mainly due to the decrease of realized investment income of derivative instrument in the first quarter of 2024.

Net loss attributable to Qudian’s shareholders was RMB73.6 million (US$10.2 million), compared to net income attributable to Qudian’s shareholders of RMB414.3 million in the first quarter of 2023. Net loss per diluted ADS was RMB0.38 (US$0.05).

Non-GAAP net loss attributable to Qudian’s shareholders was RMB73.5 million (US$10.2 million), compared to Non-GAAP net income attributable to Qudian’s shareholders of RMB416.0 in the first quarter of 2023. Non-GAAP net loss per diluted ADS was RMB0.38 (US$0.05).

Cash Flow

As of March 31, 2024, the Company had cash and cash equivalents of RMB7,040.0 million (US$975.0 million) and restricted cash of RMB53.6 million (US$7.4 million).

For the first quarter of 2024, net cash used in operating activities was RMB112.8 million (US$15.6 million), mainly due to payments for labor-related costs and expenses and purchase of time and structured deposit. Net cash provided by investing activities was RMB111.1 million (US$15.4 million), mainly due to the net proceeds from the redemption of short-term investments, and partially offset by purchase of property and equipment for the construction of the Company’s innovation park. Net cash used in financing activities was RMB190.0 million (US$26.3 million), mainly due to the repurchase of ordinary shares.

Last-mile Delivery Business

In response to the surging demand for cross-border e-commerce transactions, the Company has proactively sought innovative logistic services and solutions to meet global consumers’ expectations for swift and top-tier delivery services. In December 2022, the Company launched its last-mile delivery services under the brand name of “Fast Horse.” The business was initially launched on a trial basis and has gradually achieved meaningful scale in Australia during the second quarter of 2023. As of the date of this release, the Company’s last-mile delivery service is available in Australia and New Zealand.

Update on Share Repurchase

As previously disclosed, the Company established a share repurchase program in June 2022, under which the Company may purchase up to US$200 million worth of its Class A ordinary shares and/or ADSs over a 24-month period. From the launch of the share repurchase program on June 13, 2022 to the date of this release, the Company has in aggregate purchased 64.3 million ADSs in the open market for a total amount of approximately US$113.0 million (an average price of $1.8 per ADS) pursuant to the share repurchase program.

Subsequently, our Board has approved a new share repurchase program in March 2024 to purchase up to US$300 million worth of Class A ordinary shares or ADSs in the next 36 months starting from June 13, 2024, in addition to the existing share repurchase program established on June 13, 2022, scheduled to conclude on June 12, 2024.

About Qudian Inc.

Qudian Inc. (“Qudian”) is a consumer-oriented technology company. The Company historically focused on providing credit solutions to consumers. Qudian is exploring innovative logistics services to satisfy consumers’ demand for e-commerce transactions by leveraging its technology capabilities.

For more information, please visit http://ir.qudian.com.

Use of Non-GAAP Financial Measures

We use Non-GAAP net income/loss attributable to Qudian’s shareholders, a Non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We believe that Non-GAAP net income/loss attributable to Qudian’s shareholders helps identify underlying trends in our business by excluding the impact of share-based compensation expenses, which are non-cash charges. We believe that Non-GAAP net income/loss attributable to Qudian’s shareholders provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP net income/loss attributable to Qudian’s shareholders is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This Non-GAAP financial measure has limitations as an analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider them in isolation, or as a substitute for net loss /income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP.

We mitigate these limitations by reconciling the Non-GAAP financial measure to the most comparable U.S. GAAP performance measure, all of which should be considered when evaluating our performance.

For more information on this Non-GAAP financial measure, please see the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2203 to US$1.00, the noon buying rate in effect on March 29, 2024, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Statement Regarding Preliminary Unaudited Financial Information

The unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company’s year-end audit, which could result in significant differences from this preliminary unaudited financial information.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the expectation of its collection efficiency and delinquency, contain forward-looking statements. Qudian may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Qudian’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Qudian’s goal and strategies; Qudian’s expansion plans; Qudian’s future business development, financial condition and results of operations; Qudian’s expectations regarding demand for, and market acceptance of, its products; Qudian’s expectations regarding keeping and strengthening its relationships with customers, business partners and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Qudian’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Qudian does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
Qudian Inc.
Tel: +86-592-596-8208
E-mail: ir@qudian.com

 

QUDIAN INC.

Unaudited Condensed Consolidated Statements of Operations

Three months ended March 31,

(In thousands except for number

2023

2024

of shares and per-share data)

(Unaudited)

(Unaudited)

RMB

RMB

US$

Revenues:

Sales income and others

21,859

55,849

7,735

Total revenues

21,859

55,849

7,735

Operating cost and expenses:

Cost of revenues

(22,806)

(58,036)

(8,038)

Sales and marketing

(2,629)

(105)

(15)

General and administrative

(51,201)

(57,261)

(7,931)

Research and development

(10,466)

(15,853)

(2,196)

Expected credit reversal for receivables and other assets

5,900

3,223

446

Impairment loss from other assets

(2,661)

(350)

(48)

Total operating cost and expenses

(83,863)

(128,382)

(17,782)

Other operating income

33,144

22

3

Loss from operations

(28,860)

(72,511)

(10,044)

Interest and investment income, net

241,287

54,187

7,505

Gain/(Loss) from equity method investments

1,314

(1,377)

(191)

Gain/(Loss) on derivative instruments

286,850

(36,517)

(5,058)

Foreign exchange (loss)/gain, net

(1,774)

218

30

Other income

1,605

7,391

1,024

Other expenses

(571)

(247)

(34)

Net income/(loss) before income taxes

499,851

(48,856)

(6,768)

Income tax expenses

(85,553)

(24,754)

(3,428)

Net income/(loss)

414,298

(73,610)

(10,196)

Net income/(loss) attributable to Qudian
Inc.’s  shareholders

414,298

(73,610)

(10,196)

Earnings/(Loss) per share for Class A and Class
B ordinary shares:

Basic

1.82

(0.38)

(0.05)

Diluted

1.81

(0.38)

(0.05)

Earnings/(Loss) per ADS (1 Class A ordinary
share equals 1 ADSs):

Basic

1.82

(0.38)

(0.05)

Diluted

1.81

(0.38)

(0.05)

Weighted average number of Class A and Class B
ordinary shares outstanding:

Basic

227,199,812

194,517,922

194,517,922

Diluted

229,412,998

199,633,026

199,633,026

Other comprehensive loss:

Foreign currency translation adjustment

(4,090)

24,076

3,335

Total comprehensive income/(loss)

410,208

(49,534)

(6,861)

Total comprehensive income/(loss)
attributable to Qudian Inc.’s shareholders 

410,208

(49,534)

(6,861)

 

QUDIAN INC.

Unaudited Condensed Consolidated Balance Sheets

As of December 31,

As of March 31,

(In thousands except for number

2023

2024

of shares and per-share data)

(Unaudited)

(Unaudited)

RMB

RMB

US$

ASSETS:

 Current assets:

 Cash and cash equivalents

7,207,343

7,039,968

975,024

 Restricted cash

59,435

53,644

7,430

Time and structured deposit

1,554,121

1,624,612

225,006

 Short-term investments

642,894

316,526

43,838

 Accounts receivables

25,877

36,149

5,007

 Other current assets

670,277

733,375

101,571

 Total current assets

10,159,947

9,804,274

1,357,876

 Non-current assets:

 Right-of-use assets

164,585

162,276

22,475

 Investment in equity method investee

136,804

149,750

20,740

 Long-term investments

210,591

210,436

29,145

 Property and equipment, net

1,308,338

1,340,884

185,710

 Intangible assets

3,093

2,929

406

 Other non-current assets

498,838

622,008

86,147

 Total non-current assets

2,322,249

2,488,283

344,623

TOTAL ASSETS

12,482,196

12,292,557

1,702,499

QUDIAN INC.

Unaudited Condensed Consolidated Balance Sheets (Continued)

As of December 31,

As of March 31,

(In thousands except for number

2023

2024

of shares and per-share data)

(Unaudited)

(Unaudited)

RMB

RMB

US$

LIABILITIES AND SHAREHOLDERS’ EQUITY 

 Current liabilities: 

 Short-term lease liabilities

29,938

19,884

2,754

 Derivative instruments-liability

312,870

343,743

47,608

 Accrued expenses and other current liabilities 

299,836

327,459

45,352

 Income tax payable 

111,842

97,647

13,524

 Total current liabilities 

754,486

788,733

109,238

 Non-current liabilities: 

 Long-term lease liabilities

39,759

49,688

6,882

 Total non-current liabilities 

39,759

49,688

6,882

 Total liabilities 

794,245

838,421

116,120

 Shareholders’ equity: 

 Class A Ordinary shares 

132

132

18

 Class B Ordinary shares 

44

44

6

 Treasury shares 

(899,628)

(1,082,373)

(149,907)

 Additional paid-in capital 

4,033,146

4,031,610

558,372

 Accumulated other comprehensive loss 

(24,130)

(55)

(8)

 Retained earnings 

8,578,387

8,504,778

1,177,898

 Total shareholders’ equity 

11,687,951

11,454,136

1,586,379

TOTAL LIABILITIES AND SHAREHOLDERS’
EQUITY 

12,482,196

12,292,557

1,702,499

 

QUDIAN INC.

Unaudited Reconciliation of GAAP And Non-GAAP Results

Three months ended March 31,

2023

2024

(In thousands except for number

(Unaudited)

(Unaudited)

of shares and per-share data)

RMB

RMB

US$

Total net income/(loss) attributable to Qudian Inc.’s shareholders

414,298

(73,610)

(10,196)

Add: Share-based compensation expenses 

1,668

107

15

Non-GAAP net income/(loss) attributable to Qudian Inc.’s shareholders

415,966

(73,503)

(10,181)

Non-GAAP net income/(loss) per share—basic

1.83

(0.38)

(0.05)

Non-GAAP net income/(loss) per share—diluted

1.81

(0.38)

(0.05)

Weighted average shares outstanding—basic

227,199,812

194,517,922

194,517,922

Weighted average shares outstanding—diluted

229,412,998

199,633,026

199,633,026

 

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SOURCE Qudian Inc.

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Northern Hemisphere Heat Drives Demand for Cooling and Sun-Protection Products on Yiwugo

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YIWU, China, July 24, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The final whistle may have blown on the World Cup, but the intense heat gripping the Northern Hemisphere shows no sign of letting up. Europe has experienced unusually hot weather this year, sparking not only a surge in demand for air conditioners but also a boom in portable handheld fans. Merchants on Yiwugo say that in previous years, European customers would begin placing orders in March or April and take their time completing their annual procurement. This year, however, the purchasing season has stretched well into summer, with a flood of new buyers coming in, most of them looking for small handheld fans. With customers eager to capitalize on the peak summer season, delivery timelines have also become significantly tighter. Whereas orders in previous years could generally be fulfilled within a month, merchants are now frequently being asked to deliver within about a week, leaving manufacturers scrambling to keep pace with demand.

Lingpan Official Flagship Store has specialized in the production and sales of small fans, insulated cups, and related products for 15 years. This summer, demand from European customers for high-speed small fans has risen sharply, accompanied by urgent delivery requirements. Many customers began requesting shipment just one week after placing their orders, hoping the products would arrive in time for the World Cup and the ongoing heatwave across Europe. One long-standing European customer purchased only five models of small fans from Lingpan last year. Anticipating stronger demand ahead of this summer, the customer expanded the order to 10 models. The first shipment sold out soon after arriving at port, prompting several subsequent repeat orders. European buyers have shown particular interest in high-speed cooling fans and placed great requirements on product quality. So far this year, Lingpan’s fan sales have more than doubled compared with the same period last year, with total purchases reaching approximately RMB 1 million.

Beyond Europe, the owner of Lingpan, Ling Pan pointed out that the Indian market has also undergone significant changes over the past two years. Indian customers are showing great interest in panda-shaped fans, drinking cups, and related products. Procurement volumes among many Indian buyers have increased substantially, with average annual purchases now reaching several hundred thousand yuan.

Unlike European countries grappling with sudden heat waves, Asian markets such as Japan and South Korea, where summers are consistently hot and air conditioners and fans are already everyday essentials, have shown much stronger demand for sun-protection products. From April 1, 2026 to date, sales of sun-protection masks on Yiwugo have increased by 31.6% YoY, while sales of sun-protection face shields surged by 72.42% and sun hats rose by 8.1%.

Chen Jia, a Yiwugo merchant, has engaged in the production and sales of sun-protection masks and sun-protection face shields for eight years. Chen operates the Xiao Zhen and Xiao Mian Sun-Protection Products Workshop in District 4 of the Yiwu International Trade Market. In recent years, the company has customized cooling nylon fabrics for customers in Japan and South Korea. Sun-protection masks and sun-protection face shields made from this material not only offer UPF 50+ protection, but also maintain a more structured shape and are less susceptible to snagging or deformation. Their protective performance remains effective after routine washing, and the products can last for more than five years under normal use.

In 2024, a TV shopping operator from South Korea contacted Xiao Zheng and Xiao Mian through Yiwugo and began placing orders after inspecting the products in person. Over the following two years, the company continued to improve the fitness and design of its sun-protection products. It introduced sun-protection face shields with breathable mesh panels and incorporated soft supports around the nose area to prevent the masks from rubbing against lipstick. These product upgrades have steadily driven up customer ratings on the client’s store. Annual procurement, initially valued at around RMB 300,000, has risen year by year, and the company has since developed into a recognized brand in the local market.

Persistent heat across the Northern Hemisphere has been creating new forms of cross-border consumer demand while enabling Yiwugo merchants to keenly capture shifts in overseas markets. From the strong sales of small portable fans in Europe to the rising demand for functional sun-protection products in Japan and South Korea, the diversity of orders reflects both consumers’ need for relief from extreme heat and the ability of Yiwu manufacturers to strengthen their presence in global markets through product innovation and rapid fulfillment. Faced with a rapidly changing international market, many merchants are continuing to refine product designs, upgrade fabric techniques, and enhance supply efficiency. By leveraging Yiwugo to broaden their export channels, they are keeping pace with overseas consumption trends and capitalizing on the expanding market for cooling and sun-protection products, turning the summer heat into new momentum for cross-border trade.

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Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

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SAN FRANCISCO, July 24, 2026 /PRNewswire/ — Snorkel AI today highlighted the first group of projects supported through Open Benchmarks Grants, a $3 million commitment to support open-source datasets, benchmarks, and evaluation research.

Launched in February 2026, Open Benchmarks Grants has received hundreds of applications from researchers, labs, and engineers working to address a growing challenge: AI systems are advancing faster than the field’s ability to rigorously measure their performance on realistic, consequential work.

“From complex environments and huge autonomy horizons to rich, sophisticated outputs, these projects tackle some of the field’s hardest evaluation challenges,” said Fred Sala, a member of the Open Benchmarks Grants steering committee and assistant professor at the University of Wisconsin–Madison. “I’m excited to see the broader research community use, validate, and build on them.”

Open Benchmarks Grants provides selected teams with funding, expert data development support, research and engineering collaboration, and platform resources. Supported projects include:

Frontier-Bench (formerly Terminal-Bench 3.0), developed with Laude Institute and the Harbor community, is a harder, more domain-diverse successor to Terminal-Bench 2.1 — built in the open, task by task, under continuous adversarial review.Agents’ Last Exam, developed with UC Berkeley RDI and the RDI Foundation, evaluates agents on long-horizon, economically valuable professional workflows. It spans 55 sub-industries and includes more than 1,500 tasks toward a 5,000-task target, sourced and validated by more than 300 industry experts.OSWorld 2.0, developed with XLANG Lab, evaluates computer-use agents on 108 long-horizon workflows across 31 self-hosted web environments and professional desktop applications.Continual Learning Bench, developed with UC Berkeley SkyLab and the University of Wisconsin–Madison, measures whether agents genuinely improve across sequential, stateful tasks.SlopCode Bench, developed with the University of Wisconsin–Madison, measures how code quality degrades as coding agents repeatedly modify and extend their own solutions.Terminal-Bench 2.1, developed with Stanford University, Laude Institute and the Harbor community, evaluates agents on challenging work in terminal environments. The release corrected 28 tasks and introduced continuous validation.

With support from Open Benchmarks Grants, Terminal-Bench Science is also now in development, extending the Terminal-Bench framework to computational research workflows across the life, physical, earth, and mathematical sciences.

Beyond the grants program, Snorkel led the development of Senior SWE-Bench with the research teams at Princeton University and the University of Wisconsin–Madison. The benchmark evaluates coding agents on senior-level engineering work, including implementing features from realistic instructions, investigating bugs that require runtime analysis, and producing code that follows existing codebase conventions.

Open Benchmarks Grants was established with support from Hugging Face, Prime Intellect, Together AI, Factory, Harbor, and PyTorch. Applications remain open and are reviewed on a rolling basis.

Learn more and apply for a grant at benchmarks.snorkel.ai.

About Snorkel AI
Snorkel AI is the frontier AI data lab, helping teams build the data and environments behind high-performing frontier and agentic AI. We combine technology with research-driven AI data development to create datasets, benchmarks, evals, and custom solutions for real-world AI systems. Founded out of the Stanford AI Lab in 2019, Snorkel works with leading AI labs and enterprises to move from better data to better outcomes. 

media@snorkel.ai

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Payzli Vaults to No. 3 on Tampa Bay’s Fast 50, Up From No. 22 in One Year

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Payments technology company, Payzli earns a second consecutive Fast 50 ranking, crediting the climb to accelerating partner and merchant growth on its proprietary technology stack.

TAMPA, Fla., July 24, 2026 /PRNewswire/ — Payzli, the partner-first payments technology company, has been named the No. 3 fastest-growing company in the region on the Tampa Bay Business Journal’s 2026 Fast 50 – a 19-spot climb from its No. 22 debut last year, and the company’s second consecutive year on the list.

The ranking was announced July 23 at the Tampa Bay Business Journal’s Fast 50 event in Tampa, where Co-Founder and Chief Revenue Officer Naim Hamdar accepted the award alongside members of the Payzli team.

Payzli attributed its growth to a compounding effect: a national network of ISOs, agents and ISVs bringing merchants onto a technology platform Payzli built and operated in-house. 

That platform rests on three proprietary pillars:

Payzli Connect: the company’s payment CRM and merchant-and-partner dashboard, giving agents and ISOs daily residuals visibility and giving merchants a single place to run their account.Payzli POS: AI-powered point-of-sale and business software purpose-built for service businesses, including salons, med spas, wellness studios, and independent operators.Payzli Transact: an online payment gateway built on Visa Platform Connect through Payzli’s partnership with Visa Acceptance Solutions.

The Visa Acceptance Solutions partnership is central to how Payzli frames its credibility: rather than assembling a growth story on top of borrowed infrastructure, the company processes on rails backed by one of the most established networks in the industry alongside Fiserv and TSYS – a point that matters to the partners and merchants deciding where to place their volume.

“A second year on this list, and a jump to No. 3, isn’t about one good quarter. It’s about a network deciding to build with us and stay,” said Naim Hamdar, Co-Founder and Chief Revenue Officer of Payzli. “Every rank on this list represents partners we’ve earned and merchants who trust us to run their payments. We built the technology in-house so we could keep the promises the industry usually breaks: nothing hidden, a real person in reach, and daily residual visibility our agents can actually count on. That’s what this ranking measures and it’s why we’re doing it all, for the joy of business.”

“They say nothing in Tampa moves fast except the afternoon thunderstorms, so making the Fast 50 two years running feels pretty good,” said Kapil Pershad, Co-Founder and Chief Technology Officer of Payzli. “In all seriousness, this is a credit to our team and the businesses that trust us to power their growth.”

The Fast 50, produced by the Tampa Bay Business Journal, recognizes the fastest-growing private companies in the Tampa Bay region. Payzli’s return to the list and its move into the top three reflects a merchant-first product suite and a rapidly expanding national partner network across the payments and embedded-finance landscape.

About Payzli

Payzli is an end-to-end payments technology partner that makes accepting payments simpler and affordable for businesses of all sizes and risk levels. Founded in 2020 and headquartered in Tampa, Florida, Payzli brings together in-person processing, an advanced online gateway, AI-powered point of sale, and mobile and contactless payments – backed by its own technology, honest pricing, and dedicated human support. Built partner-first, Payzli equips ISOs, agents, developers, and independent software vendors to grow, with direct integrations to major processing platforms, in-house underwriting, a flexible credit policy, a Visa Acceptance Solutions foundation partnership, and sponsor-bank backing from Esquire Bank, a NASDAQ-listed strategic investor in Payzli. For more information, email partners@payzli.com or visit payzli.com.

Payzli is a registered trademark of United Payment Systems LLC. United Payment Systems LLC is a registered ISO of Esquire Bank (Jericho, NY), Commercial Bank of California (Irvine, CA), and KeyBank, National Association (Cleveland, OH).

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SOURCE Payzli

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