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 > Payfare Raises Revenue Guidance for 2022

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Post by Betteryear2on Apr 28, 2022 9:44pm

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Payfare Raises Revenue Guidance for 2022

TORONTO, April 28, 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 that it has raised its 2022 revenue guidance to $115 million - $125 million, an increase of 26% from the mid-point of its previously issued guidance of $90 million - $100 million that was provided on March 23, 2022. The Company is also updating its Q1 2022 revenue guidance to $24.5 million - $25.0 million from $21 million - $23 million that was also previously issued.