Technology

BEASLEY BROADCAST GROUP REPORTS FOURTH QUARTER REVENUE OF $67.3 MILLION

Published

1 year ago

March 20, 2025

NAPLES, Fla., March 20, 2025 /PRNewswire/ — Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three months and year ended December 31, 2024. For further information, the Company has posted a presentation to its website regarding the fourth quarter and fiscal year highlights and accomplishments that management will review on today’s conference call.

Conference Call and Webcast
Today, March 20, 2025 at 11:00 a.m. ET
+1 (646) 307-1963 or (888) 672-2415, conference ID 1613596 or
www.bbgi.com

Replay information provided below

Summary of Three Month and Full-Year Results

Three Months Ended

Year Ended

In millions, except per share data

December 31,

2024

2023

2024

2023

Net revenue

$ 67.3

$ 65.7

$ 240.3

$ 247.1

Operating income (loss) 1

7.6

13.1

(82.0)

Net income (loss) 1

(2.1)

6.4

(5.9)

(75.1)

Net income (loss) per diluted share 1

(1.17)

4.25

(3.73)

(50.26)

EBITDA per Indenture (non-GAAP) 2

$ 12.5

$ 6.2

$ 32.2

$ 23.9

Net loss and net loss per diluted share in the year ended December 31, 2024 both include a $6.0 million gain on sale of an investment in Broadcast Music, Inc. Operating loss, net loss and net loss per diluted share in the year ended December 31, 2023 all reflect $98.8 million of non-cash impairment losses.Following the closure of our debt exchange, we now report EBITDA per Indenture. See “Definitions” below for additional detail.

Fourth Quarter 2024 Highlights

Revenue from new business declined 12.8% year-over-yearGenerated $8.3 million in political revenueLocal revenue, including digital packages sold locally, accounted for 71% of net revenueDigital revenue declined 4.1% year-over-year to $11.5 millionDigital revenue accounted for 17.1% of net revenue

FY 2024 Highlights

Revenue from new business increased 8.8% year-over-yearGenerated $12.1 million in political revenueLocal revenue, including digital packages sold locally, accounted for 76% of net revenueDigital revenue grew 2.9% year-over-year to $46.7 millionDigital revenue accounted for 19.4% of net revenue

Net revenue during the three months ended December 31, 2024 increased 2.3% to $67.3 million, driven by an $8.3 million boost from political advertising in Q4. This increase helped offset ongoing softness in the commercial advertising market, as well as revenue declines related to the divestiture of our Wilmington station and the closures of our esports division and Guarantee Digital.

Beasley reported operating income of $7.6 million in the fourth quarter of 2024, compared to operating income of $7.6 million in the fourth quarter of 2023. Operating income remained steady year-over-year despite the absence of a one-time $6.0 million gain in Q4 2023 from the extinguishment of franchise fees related to the sale of the Outlaws, our eSports division. These results reflect the success of our operating initiatives, including workforce realignment, operational efficiencies, and the optimization of our cost structure.

Beasley reported a net loss of $2.1 million, or $1.17 per diluted share, in the three months ended December 31, 2024, compared to a net income of $6.4 million, or $4.25 per diluted share, in the three months ended December 31, 2023. The year-over-year decline was primarily driven by substantial one-time costs related to the Company’s September exchange offer and October refinancing, along with significant severance expenses incurred in the fourth quarter of 2024.

EBITDA per Indenture (a non-GAAP financial measure defined in our indentures and used by our creditors) was $12.5 million in the fourth quarter of 2024, compared to $6.2 million in the fourth quarter of 2023. The year-over-year increase is attributable to the Company’s disciplined expense management and strategic streamlining efforts.

Please refer to the “Reconciliation of Net Income (Loss) to Adjusted EBITDA and EBITDA per Indenture” tables at the end of this release.

Commenting on the financial results, Caroline Beasley, Chief Executive Officer said, “2024 was a transformative year for Beasley as we took decisive actions to strengthen our balance sheet, streamline our operations, and position the Company for long-term success. Through disciplined cost management and strategic capital initiatives, we achieved approximately $20.0 million in annualized expense reductions, improved our leverage profile, and enhanced our financial flexibility. These efforts, combined with the continued momentum of our digital business—now representing nearly 20% of total revenue—have reinforced our ability to navigate industry challenges while capitalizing on new growth opportunities in audio and digital media.”

“As we enter 2025, we remain focused on executing our strategy to drive sustainable revenue growth, expand our digital offerings, and optimize our sales approach. We see substantial opportunities in harnessing data-driven insights, enhancing direct-to-consumer engagement, and providing our advertisers with cutting-edge marketing solutions. With a refined portfolio of premium brands, a leaner and more agile cost structure, and a strengthened financial foundation, Beasley is well-positioned to accelerate our digital evolution and deliver long-term value for our shareholders, audiences, and partners.”

Conference Call and Webcast Information

The Company will host a conference call and webcast today, March 20, 2025 at 11:00 a.m. ET to discuss its financial results and operations. To access the conference call, interested parties may dial 1 (646) 307-1963 or (888) 672-2415, conference ID 1613596 (domestic and international callers). Participants can also listen to a live webcast of the call at the Company’s website at www.bbgi.com. Please allow 15 minutes to register and download and install any necessary software. Following its completion, a replay of the webcast can be accessed for five days on the Company’s website, www.bbgi.com.

Questions from analysts, institutional investors and debt holders may be e-mailed to ir@bbgi.com at any time up until 9:00 a.m. ET on Thursday, March 20, 2025. Management will answer as many questions as possible during the conference call and webcast (provided the questions are not addressed in their prepared remarks).

About Beasley Broadcast Group

The Company is a multi-platform media company whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates 57 AM and FM stations in the following large- and mid-size markets in the United States: Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, and Tampa–Saint Petersburg, FL. Approximately 20 million consumers listen to the Company’s radio stations weekly over-the-air, online and on smartphones and tablets, and millions regularly engage with the Company’s brands and personalities through digital platforms such as Facebook, X, text, apps and email. For more information, please visit www.bbgi.com.

For further information, or to receive future Beasley Broadcast Group news announcements via e-mail, please contact Beasley Broadcast Group, at 239-263-5000.

Definitions

EBITDA is defined as net income (loss) before interest income or expense, income tax expense or benefit, depreciation, and amortization.

Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain, non-operating or other items that we believe are not indicative of the performance of our ongoing operations, such as impairment losses, other income or expense, one- time severance expense, stock-based compensation or equity in earnings of unconsolidated affiliates. See “Reconciliation of Net Income (Loss) to Adjusted EBITDA and EBITDA per Indenture” for additional information.

Adjusted EBITDA can also be calculated as net revenue less operating and corporate expenses plus stock-based compensation and other one-time expenses such as severance. We define operating expenses as cost of services and selling, general and administrative expenses. Corporate expenses include general and administrative expenses and certain other income and expense items not allocated to the operating segments.

Adjusted EBITDA is a measure widely used in the media industry. The Company recognizes that because Adjusted EBITDA is not calculated in accordance with GAAP, it is not necessarily comparable to similarly titled measures employed by other companies. However, management believes that Adjusted EBITDA provides meaningful information to investors because it is an important measure of how effectively we operate our business and assists investors in comparing our operating performance with that of other media companies.

EBITDA per Indenture refers to EBITDA as defined by our creditors. The Company recognizes that because EBITDA per Indenture is not calculated in accordance with GAAP, it is not necessarily comparable to similarly titled measures employed by other companies. However, management believes that EBITDA per Indenture provides meaningful information to investors because it reflects how our creditors are benchmarking our performance.

New business revenue is defined as revenue from an advertiser that has not advertised in the prior 13 months before the start of the current quarter.

Note Regarding Forward-Looking Statements

Statements in this release that are “forward-looking statements” are based upon current expectations and assumptions and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as “looking ahead,” “intends,” “believes,” “expects,” “seek,” “will,” “should” or variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements, by their nature, address matters that are, to different degrees, uncertain. Key risks are described in the Company’s reports filed with the Securities and Exchange Commission (“SEC”) including its annual report on Form 10-K and quarterly reports on Form 10-Q. Readers should note that forward-looking statements are subject to change and to inherent risks and uncertainties and may be impacted by several factors, including:

ability to comply with the continued listing standards of Nasdaq, continued listing on Nasdaq or make periodic filings with the SEC;risks from health epidemics, natural disasters, terrorism, and other catastrophic events;adverse effects of inflation;external economic forces and conditions that could have a material adverse impact on our advertising revenues and results of operations;the ability of our stations to compete effectively in their respective markets for advertising revenues;our ability to develop compelling and differentiated digital content, products and services;audience acceptance of our content, particularly our audio programs;our ability to respond to changes in technology, standards and services that affect the audio industry;our dependence on federally issued licenses subject to extensive federal regulation;actions by the FCC or new legislation affecting the audio industry;increases to royalties we pay to copyright owners or the adoption of legislation requiring royalties to be paid to record labels and recording artists;our dependence on selected market clusters of stations for a material portion of our net revenue;credit risk on our accounts receivable;the risk that our FCC licenses could become impaired;our substantial debt levels and the potential effect of restrictive debt covenants on our operational flexibility and ability to pay dividends;the potential effects of hurricanes, extreme weather and other climate change conditions on our corporate offices and stations;the failure or destruction of the internet, satellite systems and transmitter facilities that we depend upon to distribute our programming;modifications or interruptions of our information technology infrastructure and information systems;the loss of executives and other key employees;our ability to identify, consummate and integrate acquired businesses and stations;the fact that our Company is controlled by the Beasley family, which creates difficulties for any attempt to gain control of our Company; andother economic, business, competitive, and regulatory factors affecting our businesses, including those set forth in our filings with the SEC.

Our actual performance and results could differ materially because of these factors and other factors discussed in our SEC filings, including but not limited to our annual reports on Form 10-K or quarterly reports on Form 10-Q, copies of which can be obtained from the SEC, www.sec.gov, or our website, www.bbgi.com. All information in this release is as of March 20, 2025, and we undertake no obligation to update the information contained herein to actual results or changes to our expectations, except as required by law.

BEASLEY BROADCAST GROUP, INC.

Condensed Consolidated Statements of Net Income (Loss) – Unaudited

Three months ended

Twelve months ended

December 31,

2024

2023

2024

2023

Net revenue

$ 67,285,492

$ 65,748,658

$ 240,291,611

$ 247,109,258

Operating expenses:

Operating expenses (including stock-based compensation and excluding depreciation and amortization shown separately below)

53,233,833

56,148,960

201,768,757

208,247,221

Corporate expenses (including stock-based compensation)

4,688,478

4,865,328

17,272,696

18,246,731

Depreciation and amortization

1,780,438

2,182,369

7,236,060

8,809,343

FCC licenses impairment losses

—

969,600

—

89,214,665

Goodwill impairment losses

—

922,000

10,582,360

Extinguishment of franchise fee

—

(6,000,000)

—

(6,000,000)

Total operating expenses

59,702,749

58,166,257

227,199,513

329,100,320

Operating income (loss)

7,582,743

7,582,401

13,092,098

(81,991,062)

Non-operating income (expense):

Interest expense

(3,460,070)

(6,843,853)

(21,233,027)

(26,607,920)

Debt issuance expenses

(5,982,414)

—

(5,982,414)

—

Gain on sale of investment

—

6,026,776

—

Gain on repurchases of long-term debt

—

6,834,667

—

7,807,875

Other income, net

247,413

821,171

799,558

1,532,131

Income (loss) before income taxes

(1,612,328)

8,394,386

(7,297,009)

(99,258,976)

Income tax expense (benefit)

451,058

1,997,841

(1,344,961)

(24,287,366)

Income (loss) before equity in earnings of unconsolidated affiliates

(2,063,386)

6,396,545

(5,952,048)

(74,971,610)

Equity in earnings of unconsolidated affiliates, net of tax

4,754

(12,651)

64,790

(148,528)

Net income (loss)

$ (2,058,632)

$ 6,383,894

$ (5,887,258)

$ (75,120,138)

Basic net income (loss) per share

$ (1.17)

$ 4.26

$ (3.73)

$ (50.26)

Diluted net income (loss) per share

$ (1.17)

$ 4.25

$ (3.73)

$ (50.26)

Basic common shares outstanding

1,754,092

1,498,529

1,579,744

1,494,686

Diluted common shares outstanding

1,754,092

1,501,400

1,579,744

1,494,686

Selected Balance Sheet Data – Unaudited
(in thousands)

December 31,

2024

December 31,

2023

Cash and cash equivalents

$ 13,773

$ 26,734

Working capital

16,303

38,351

Total assets

549,207

574,268

Long-term debt, net of unamortized debt issuance costs

247,118

264,203

Stockholders’ equity

$ 147,220

$ 148,979

Selected Statement of Cash Flows Data – Unaudited

Twelve months ended

December 31,

2024

2023

Net cash used in operating activities

$ (3,711,785)

$ (4,678,549)

Net cash provided by investing activities

4,322,076

6,870,446

Net cash used in financing activities

(13,571,492)

(14,992,629)

Net decrease in cash and cash equivalents

$ (12,961,201)

$ (12,800,732)

Calculation of Adjusted EBITDA – Unaudited

Three months ended

Twelve months ended

December 31,

2024

2023

2024

2023

Net revenue

$ 67,285,492

$ 65,748,658

$ 240,291,611

$ 247,109,258

Operating expenses

(53,233,833)

(56,148,960)

(201,768,757)

(208,247,221)

Corporate expenses

(4,688,478)

(4,865,328)

(17,272,696)

(18,246,731)

Severance expenses

1,195,411

225,072

3,696,913

504,772

Stock-based compensation expenses

120,034

312,954

893,292

846,375

Adjusted EBITDA

$ 10,678,626

$ 5,272,396

$ 25,840,363

$ 21,966,453

Reconciliation of Net Income (Loss) to Adjusted EBITDA and EBITDA per Indenture – Unaudited

Three months ended

Twelve months ended

December 31,

2024

2023

2024

2023

Net income (loss)

$ (2,058,632)

$ 6,383,894

$ (5,887,258)

$ (75,120,138)

Interest expense

3,460,070

6,843,853

21,233,027

26,607,920

Income tax benefit

451,058

1,997,841

(1,344,961)

(24,287,366)

Depreciation and amortization

1,780,438

2,182,369

7,236,060

8,809,343

EBITDA

3,632,934

17,407,957

21,236,868

(63,990,241)

Severance expenses

1,195,411

225,072

3,696,913

504,772

Stock-based compensation expenses

120,034

312,954

893,292

846,375

FCC licenses impairment losses

—

969,600

—

89,214,665

Goodwill impairment losses

—

922,000

10,582,360

Debt issuance expenses

5,982,414

—

5,982,414

—

Gain on sale of investment

—

(6,026,776)

—

Extinguishment of franchise fee

—

(6,000,000)

—

(6,000,000)

Gain on repurchases of long-term debt

—

(6,834,667)

—

(7,807,875)

Other income, net

(247,413)

(821,171)

(799,558)

(1,532,131)

Equity in earnings of unconsolidated affiliates, net of tax

(4,754)

12,651

(64,790)

148,528

Adjusted EBITDA

$ 10,678,626

$ 5,272,396

$ 25,840,363

$ 21,966,453

Non-recurring restructuring and reformatting expenses

—

197,493

760,637

197,493

Contract services

92,602

—

275,936

—

Non-cash trade adjustments

42,954

272,771

414,564

(178,329)

Property and franchise taxes

555,703

481,741

1,970,371

1,883,620

Pro-forma cost savings

1,136,989

—

2,926,187

—

EBITDA per Indenture

$ 12,506,874

$ 6,224,401

$ 32,188,058

$ 23,869,237

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SOURCE Beasley Media Group, Inc.

Technology

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

Published

30 minutes ago

July 24, 2026

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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SOURCE Yiwugo.com

Technology

Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

Published

30 minutes ago

July 24, 2026

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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SOURCE Snorkel AI

Technology

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

Published

30 minutes ago

July 24, 2026

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