Giriraj Swami’s lecture on Srimad Bhagavatam Canto 7, Chapter 8, Text 56.
The associates of Lord Vishnu in Vaikuntha offered this prayer: O Lord, our supreme giver of shelter, today we have seen Your wonderful form as Lord Nrisimhadeva, meant for the good fortune of all the world. O Lord, we can understand that Hiranyakasipu was the same Jaya who engaged in Your service but was cursed by brahmanas and who thus received the body of a demon. We understand that his having now been killed is Your special mercy upon him.
Read the full verse at vedabase.net.