Payfare Reaches Record Milestone to End 2021

Toronto, Ontario – January 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 ended 2021 with over half a million active users1, which represents an increase of more than 40% over Q3 2021 and 830% over Q4 2020. The sizable active user growth for Q4 was highlighted by December 2021 ending users being up 21% over November levels.

The recent trajectory with existing partnerships and revenue streams will position Payfare extremely well to continue its exponential growth into 2022. The Company expec