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.

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Payfare Inc

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Post by jrmktxplr2015on Sep 07, 2021 2:11pm

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Options at $12.38 - I like it!

Payfare grants options to buy 345,000 shares

2021-09-07 12:20 ET - News Release

Ms. Lindsey Abshire reports

PAYFARE ANNOUNCES GRANT OF OPTIONS AND RESTRICTED SHARE UNITS

Payfare Inc. has granted an aggregate of 35,000 restricted share units (RSUs) and 345,000 stock options (options) to certain officers and employees of the company in accordance with the company's incentive compensation plan.

All RSUs issued to officers and employees of the company will fully vest on Nov. 15, 2022.

The options will be exercisable at an exercise price of $12.38 per Class A common share of the company until Nov. 15, 2025, subject to 20 per cent of the options vesting on each of Nov. 15, 2021, May 15, 2022, Aug. 15, 2022, Nov. 15, 2022, and March 15, 2023.

About Payfare Inc.

Payfare is a global financial technology company powering digital banking and instant payment solutions for today's gig work force. Payfare partners with leading platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial health for their work force.

We seek Safe Harbor.

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