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 > Insiders

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Comment by jrmktxplr2015on Nov 17, 2021 2:15pm

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Post# 34137342

RE:RE:Insiders

I'm guessing but I think you have to be publc for a year on the TSX, they started trading March 2021.

All things are pointing in a positive direction, not sure why we are trading down today but looking forward to the next couple of quarters!

cananon wrote: I didn't realise their new head of IR was the Stifel analyst!!! WOW I guess he thinks the company is so good that he would leave research for it!

Can you explain why a US listing is eligible in March?

anon90 wrote: Is there really any better indication with the future of a company than when you see insider buying? Also keep in mind the lead analyst on PAY left Stiffel to join the company. So many positive indicators as to why it should be bot. Once more funds are introduced to PAY we will see significant demand for the stock. A USA listing (eligable in March) will only increase their exposure.
Most importantly, as reported in Q3 earnings they continue to deliver on revenue growth and I suspect it will hit $50 mill for the full year, attach a conservative (below peer) multiple and see why there is real value in owning shares.

GLTA