quarter good and to afternoon everyone. for you us second operator Thank discuss joining our you, results. Thank
pleased XX% growth are growth growth and quarter, the results which included the We to EBITDA with in and second our organic adjusted XXXX. quarter of compared volume of of XX% profit of gross XX%,
more the pleased are announce detail of to a in We acquisition few moments. Solutions, which TriSource also in I discuss will
over business results since growth I thought the call. go our quarterly to will helpful model our be in our briefly earnings But first later review and it call, is this Tim strategies. would
know, rapidly As Repay most is payment of growing technology a you provider. omni-channel
We checks and to and and cash, key markets automotive markets volume grow is these loans, focus These ACH markets; verticals billion. underserved payments. project personal And service on utilize loans acceptance. are predominantly in today, as have and enabling merchants management. XXXX total historically providers three We will by payment payment modernizing in been by $XXX receivables our electronic technology in these
as approximately approximately ten as XX,XXX and duration personal of a our for Our was customers four merchant Volume the often with our is companies year-to-date such top contracts with serve June merchants the years. average are of a and and customers finance money, the vendors. three years lend renewal. locations, in We tenure retention three-year typically auto that currently over XX, clients XXXX, have XX%
solutions process use the their customers technology our receive they from Our payments to borrowers.
payments cycle both penetration. proposition They through value an debit experience by an provides platform value or growth payment and web, also the accelerated more, attractive borrowers for customers of a like text. an processing, anytime see to lend The allowing card, Merchants We can strong important pay by them driving credit a ACH pay and and points client merchants' pain real-time solve XX/X the lend and real risk IVR to XX/X. debit providing payment fees accept they merchants card Our borrowers, these as limits anywhere. which card that mobile, confirmation the been has them [NSS]. ancillary by made, can faster
authorization built own real-time the which our own A we We technology. gateway, debit a transaction bank account. card own from have provides with our
backend attractive differentiates association efficient And Our payment processors which software and us markets bank volume our vendor partnerships and partners proposition sponsor our the serve. ensure and in drive quick relationships the value Repay with underpenetrated help proprietary card leading relationships our further for we processing, customers.
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five about in growth categories two We buckets. our with think
on executing bucket growth three first business. focused categories, expanding existing The includes and our
this growth is growth in come the current driver category of increasing growth we as from client our our is usage expect The primary majority within to expanding and base. first adoption existing This our bucket customers.
by The to second to near-term leveraging We sales convert growth our category to in sales verticals acquire strategy acquisitions. sales our leverage new our and existing drive efforts and vertically this bucket marketing in pipeline. force is a clients direct tiered client a
top Our sales sales client We've of touched software be by production overtime, our approach. software vendor grown vertical into tier, we're significant integrations structured We're in high integrate. and model opportunity, have discussions to and is successfully to more currently pipeline the more the terms by the integrated and in many a that providers.
added total we two a In providers new of XX. for software QX,
are our integrations and us access direct valuable These a new for our respond to easily a new ramp us giving to allow leads. in force sales to inbound on-boarding opportunities our Software business. customers, integrations enable advantage seamless for customer They acquisition. significant client
to to category The is find operational continue third growth efficiencies.
As expect the higher margins. business become to continues scale, with increasingly gross to efficient we
addressable our to in geographies, both BXB expansion credit unions. and M&A. to capabilities healthcare, broadening is into well expand strategic new verticals bucket category as fourth as new Areas and growth market verticals. our include The growth through pursuing and second platform market the is The leverage we're
we addition, are Canada. into the In second geographical we pursuing quarter in And expansion. entered
I as U.S. week step. have announcement for and excited market are natural many a it mention been Canada, in partnered We strategic that in this years. to the acceptance with we we clients so have and existing have in U.S. we several should in doing accelerate with debit Visa our that Canada that about presence was
Direct. enabled Canada, successful U.S., the by which addition, our product Visa In launch after announced the of we launch in instant is funding in
opportunities, solutions The and M&A platform. our and fifth businesses onto these identify integrating attractive then growth effectively is executing category to
managing software we a acquisitions with a dedicated pipeline payment as robust team We internal consider grow expect additional and M&A of companies.
TriSource also headquartered on backend sales M&A. in ISO acquisition Speaking and Solutions, a Today, to XXXX the of services a in in independent East our of Iowa was transaction of the its office behalf Moline, Illinois. TriSource company. Bettendorf, external additional it first and as acquisition with portfolios an we is operates direct The public and announced founded sales provides processing company own as organizations, agents.
transaction details will as in Currently, at our wanted more build when time payment and go facilitate rationale. to acquirer. merchant use settlement solutions strategic solutions, enable transactions these customers over I spend Tim we few minutes, TriSource some TriSource to solutions first but to faster. we us for discussing a the a the backend Acquiring will intelligent bring
Additionally, we see in TriSource's strong business. backend growth settlement organic
partnership dates XXXX, value the long which TriSource, convinced us our inherent back has As company's to of with proposition.
back capabilities to thrilled will having growth. future to We're reduce transaction looking the allow transaction continued The drive Further, M&A our enhances acquisition welcome end forward accretive processing us own family. leveraging will be our capabilities our TriSource expedite TriSource's immediately costs processing targets this and strategy synergy to to meaningfully earnings. efforts. We're and to the Repay TriSourceteam the to realization acquisition as
talk a future to our and like for business. company, a and under will public the Finally, public and XXth, access as NASDAQ believe profile, Thunder RPAY on and recent combination business Repay's ability ticker public the stock the on On I as with began scale Because strategic completed capital, about ability to July we and stock grow trading combination the to wanted operating Bridge. that our XX, TriSource. We acquisitions the symbol market July currency we markets will a company our our have ultimately enhance common XXXX. visibility
it existing as to our continued execute growth significant provides we While to strategy. the liquidity long transaction Repay's continue in partial on shareholders, results term ownership
them their our work of Finally, this in hard new throughout worth the thank independent process. experience and to all time expanded our take to proven very team include directors and for welcome grateful our us. this with members already new we'd combination, incredibly support. decade's connection like several the be And to with We're business we Directors Board did to to of shareholders valuable has for
results call I Tim. Tim will to guidance, QX discuss now turn to the and over
