Marqeta and Payfare enter into Strategic Partnership

Payfare partners with Marqeta to accelerate the expansion of its platform across North America, Europe, Asia Pacific and beyond. TORONTO, July 13, 2021 – Marqeta (NASDAQ: MQ), the global modern card issuing platform, and Payfare (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for contract workers, today announced a strategic partnership to expand the […]

Payfare CEO Marco Margiotta accepted into Forbes Technology Council

Forbes Technology Council Is an Invitation-Only Community for World-Class CIOs, CTOs, and Technology Executives. Toronto, Ontario, July 7, 2021 — Marco Margiotta, CEO and Founding Partner of Payfare, a global financial technology company powering digital banking and instant payment solutions has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and […]

PAYFARE TO POWER REAL-TIME PAYMENTS FOR THE GIG ECONOMY WITH INTEGRATION OF MASTERCARD SEND™

Toronto, Ontario – June 23, 2021 – Payfare (TSX: PAY) today announced that it will integrate Mastercard Send™ into Payfare’s financial technology platform, expanding real-time payment options for the gig economy. Payfare, who powers digital banking and instant payout solutions for some of the world’s largest on-demand platforms will leverage Mastercard’s full-service disbursements and person-to-person platform […]

Payfare Expands Leadership Team Appointing New CTO and CPO

Toronto, Ontario, June 2, 2021 – Payfare Inc. (“Payfare” or the “Company”) (TSX: PAY), a global financial technology company powering digital banking and instant payment solutions, is pleased to announce that Kamran Haidari will be joining as Chief Technology Officer (CTO) and Braulio Lam will lead product innovation and development as Chief Product Officer (CPO). […]

Payfare Announces First Quarter 2021 Financial Results

Record Quarterly Revenues Increased to More Than $5M TORONTO, May 14, 2021 – Payfare Inc. (“Payfare“) (TSX:PAY), a global financial technology company powering digital banking and instant payout solutions for the gig economy announced the filing of its Financial Statements (“Statements“) and Management’s Discussion and Analysis (“MD&A“) for the Quarter ending March 31, 2021.  A comprehensive discussion of Payfare’s financial position and results […]

Payfare Announces Grant of Options and Restricted Share Units

TORONTO, April 13, 2021 /CNW/ — Payfare Inc. (“Payfare” or the “Company“) (TSX:PAY) announces that it granted on April 12, 2021 an aggregate of 156,000 restricted share units (“RSUs“) and 1,330,000 stock options (“Options“) to certain directors, officers and employees of the Company in accordance with the Company’s incentive compensation plan which was approved by the shareholders of the Company on March […]

Payfare Announces Exercise of Over-Allotment Option in Connection with IPO Bringing Total Gross Proceeds to $75.2 Million

Toronto, Ontario, April 6, 2021 – Payfare Inc. (“Payfare” or the “Company”) (TSX:PAY) is pleased to announce that, further to its recently completed initial public offering (the “Offering”) of an aggregate of 10,900,000 Class A common shares (the “Common Shares”) at a price of $6.00 per Common Share (the “Offering Price”), the over-allotment option granted by the […]

Payfare Releases 2020 Financial Results and Provides Business Update on 2021 Developments

Toronto, Ontario, April 1, 2021 – Payfare Inc. (“Payfare” or the “Company”) (TSX:PAY) a financial technology company powering digital banking and instant payout solutions for the global gig economy announced updates to its business operations following filing of its Year End 2020 Audited Financial Statements (“Statements”) and Management Discussion and Analysis (“MD&A”) for the year ending December 31, 2020. A comprehensive […]

Payfare Welcomes New Board Members

Toronto, Ontario, March 25, 2021 – Payfare Inc. (“Payfare” or the “Company”) (TSX:PAY) a financial technology company powering digital banking and instant payout solutions for the global gig economy wishes to welcome its new directors to the Payfare board (the “Board”).  On March 8, 2021 the Company held an Annual and Special Meeting of Shareholders […]

Payfare Completes Initial Public Offering

Toronto, Ontario, March 19, 2021 – Payfare Inc. (“Payfare”) (TSX:PAY) today successfully closed its previously announced initial public offering (the “Offering”) of 10,900,000 Class A common shares (“Common Shares”) at a price of $6.00 per Common Share (the “Offering Price”) for total gross proceeds of C$65,400,000. Payfare will use the net proceeds from the Offering […]