Payzli in search of new CEO amid leadership restructuring


US-based paytech company Payzli has announced several immediate “strategic changes” to its leadership team aimed at accelerating revenue growth.

Arash Izadpanah, formerly the CEO, will now serve as the chief risk officer (CRO). In his new role, Izadpanah will leverage his three decades of risk management experience, including a three-year tenure as VP of credit, risk, and compliance at Fiserv, to expand Payzli’s high-risk channel and maintain the highest standards of regulatory compliance and security.

Izadpanah emphasized that his focus will be on “managing risk, compliance, and credit to execute our ambitious growth plans with our powerful banking partners.”

Meanwhile, Naim Hamdar, who significantly expanded Payzli’s market presence and customer base as the firm’s president, will transition to the role of chief revenue officer.

Founded in 2019, Payzli provides a variety of payment services, web enablement and mobile solutions, and business management software to enterprises.

With Izadpanah stepping down as CEO, the firm is “actively seeking a leader who can bring fresh perspectives to fuel our success,” according to the new CRO.

In a company statement, Payzli specified that they are looking for a candidate with “extensive experience in the fintech industry and a demonstrated ability to drive revenue growth.”

“The ideal candidate will be a strategic leader with a deep understanding of the evolving payments landscape and a passion for innovation,” the statement added.