JERICHO,
N.Y., Jan. 11, 2024 /PRNewswire/ -- Esquire
Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the
financial holding company for Esquire Bank, National Association
(the "Bank"), today announced that it closed on its committed
investment of $6 million in United
Payment Systems, LLC (doing business as Payzli) representing a
24.99% ownership interest in Payzli.
Payzli is an end-to-end payment technology company that acts as
a single source for payment services, business management software,
web enablement and mobile solutions. It is also a registered
Independent Sales Organization of the Bank.
"This strategic fintech investment in Payzli's platform and
founders will be leveraged to support Esquire's future select
business verticals for its national payment and small business
platforms," stated Andrew C.
Sagliocca, the Vice Chairman, Chief Executive Officer and
President of the Company and the Bank. "We are investing in a
business partner and a technology platform that will assist us in
servicing certain direct small business verticals across all their
banking needs."
"Payzli has forged its reputation on a straightforward mission -
empowering individuals and enterprises to achieve excellence
through exceptional fintech solutions. Esquire's investment
significantly enhances our ability to invest in the vital resources
required to deliver unique technology solutions across diverse
merchant verticals. This strong and unique strategic partnership
with Esquire, combined with our Visa-direct platform, enables
Payzli to bring to market technology and products that will
revolutionize the merchant and partner experience," said the Payzli
Founding Team.
About Esquire Financial Holdings,
Inc.
Esquire Financial Holdings, Inc. is a financial holding company
headquartered in Jericho, New
York, with one branch office in Jericho, New York and an administrative office
in Boca Raton, Florida. Its wholly
owned subsidiary, Esquire Bank, National Association, is a
full-service commercial bank dedicated to serving the financial
needs of the legal industry and small businesses nationally, as
well as commercial and retail customers in the New York metropolitan area. The Bank offers
tailored products and solutions to the legal community and their
clients as well as dynamic and flexible payment processing
solutions to small business owners. For more information, visit
www.esquirebank.com.
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SOURCE Esquire Financial Holdings, Inc.