Payfare Inc T.PAY

Alternate Symbol(s): PYFRF

Payfare Inc. is a Canada-based international Earned Wage Access company powering instant access to earnings through a digital banking platform for the workforce. It partners with e-commerce marketplaces, payroll platforms and employers to provide financial security and inclusion for all workers. It partners with platforms and marketplaces, such as Uber, Lyft and DoorDash. It provides services to gig workers and businesses. The Company operates in two geographical areas: Canada and USA. It provides 1099 and contract workers with instant access to their earnings and a digital banking service. It offers a full application programming interface suite and a turn-key private label solution. It provides multiple worker payout options, like on-demand or automatically each day or after each task, shift or sale. It provides services to various workforces of all sizes, including trades and construction, hospitality, rideshare, healthcare, home services, creators, trucking and freelance.

TSX:PAY - Post by User

Payfare Inc

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Comment by paperbullon Apr 01, 2019 7:58pm

192 Views

Post# 29566914

RE:results today after end of trading(?)

well this release says it all. PAY could be for sale - at least they're considering it.

During 2018 the Company received unsolicited third-party offers for all or parts of Posera. To assess the merits of these offers the Company has hired a strategic financial advisor to engage with the parties interested in Posera as well as explore other potential strategic opportunities to maximize shareholder value. Exploring these offers as well as engaging financial advisors resulted in significant legal and professional fees to review incurred by the Company in 2018. There can be no assurances that a transaction will be consummated.

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