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 announced the filing of its Financial Statements and Management’s Discussion and Analysis (“MD&A“) for the quarter ending June 30, 2022. A comprehensive discussion of Payfare’s financial position and results of operations are provided in the MD&A, which is filed on SEDAR under Payfare’s profile and can be found at