Payfare Appoints Hugo Chan to its Board of Directors

Toronto, Ontario – August 19, 2022 – Payfare Inc. (“Payfare” or the “Company”) (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce, today announced that it has appointed Mr. Hugo Chan of Kingsferry Capital to its board of directors to serve as an independent director until the next […]

Payfare Announces Second Quarter 2022 Financial Results

Continued gross margin expansion to 19.1% in Q2 from 17.2% in Q1, first quarter of positive Adjusted EBITDA generation and first quarter of share repurchases under the Normal Course Issuer Bid (“NCIB”) program TORONTO, Aug. 10, 2022 /CNW/ – Payfare Inc. (“Payfare” or the “Company“) (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce, today […]

Payfare to Hold Investor Conference Call to Discuss Second Quarter 2022 Financial Results

TORONTO, July 28, 2022 /CNW/ – Payfare Inc. (“Payfare” or the “Company“) (TSX: PAY) will be hosting a conference call on Thursday, August 11, 2022, at 8:30 a.m. ET to discuss the Company’s financial results for the second quarter of 2022. The complete financial results are expected to be released after market close on Wednesday, August 10, 2022. A short presentation in connection with the conference […]

Payfare Provides Q2 2022 Revenue Guidance

TORONTO, July 20, 2022 /PRNewswire/ – Payfare Inc. (“Payfare” or the “Company“) (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce, today announced Q2 2022 revenue guidance of $33 million, which represents growth of 285% over the second quarter of 2021 and 35% over the first quarter of 2022. Payfare also announced that it had […]

Payfare Announces May 2022 Active User Growth

TORONTO, June 7, 2022 – Payfare Inc. (“Payfare” or the “Company“) (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce, today announced that it had over 858,000 active users1 as of May 31, 2022, an increase of approximately 162,000 active users or 23% since March 31, 2022. The Company continues to experience significant active user growth driven […]

Payfare Announces Re-election of Directors

Toronto, Ontario – June 2, 2022 – Payfare Inc. (“Payfare” or the “Company”) (TSX: PAY) announces that the nominees listed in the management information circular for the Company’s 2022 Annual and Special Meeting of Shareholders (the “Meeting”) were each re-elected as directors of Payfare. Detailed results of the ballot voting for the election of directors […]

Payfare Announces First Quarter 2022 Financial Results

Record quarterly gross profit of $4.3 million (17.2% margin), up $4.4 million from the prior year (-3.3% margin)  Toronto, Ontario – May 11, 2022 – Payfare Inc. (“Payfare” or the “Company”) (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce, today announced the filing of its Financial Statements […]

Payfare Raises Revenue Guidance for 2022 Ahead of First Quarter Financial Results

Toronto, Ontario – April 28, 2022 – Payfare Inc. (“Payfare” or the “Company”) (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce, today announced that it has raised its 2022 revenue guidance to $115 million – $125 million, an increase of 26% from the mid-point of its previously […]

Payfare Announces Executive Hire and Issues Reminder for its April 6 Virtual Investor Day 

Toronto, Ontario – April 4, 2022 – Payfare Inc. (“Payfare” or the “Company”) (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce, today announced that it has appointed Sonya Verheyden as Vice President, Marketing. Ms. Verheyden will be responsible for leading Payfare’s marketing initiatives for its current programs […]