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 > PAY: NYSE/Nasdaq listing, M&A in the fintech industry

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Post by stockfyon Sep 21, 2024 10:20am

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Post# 36234571

PAY: NYSE/Nasdaq listing, M&A in the fintech industry

PAY generates most of its revenue in the U.S., it needs to list its shares on the NYSE or Nasdaq. Its OTC listing does not help.

Same like PAY, Usio (USIO) is another fintech small company with a strong balance sheet without any debt problems which is grossly undervalued on absolute and relative valuation, according to this comprehensive SA article below:

USIO: Growth, Strong Balance Sheet, Undervaluation, Positive Outlook

According also to this veteran fund manager, USIO has high insider ownership while being a takeover target.

Actually, I believe that PAY and USIO will be acquired by larger names in the foreseeable future, because consolidation is ongoing in the fintech industry.

Specifically, some of this year's fintech deals are:

- Pluto acquired by Robinhood

- Theorem acquired by Pagaya

- Aion Bank acquired by UniCredit

- Envestnet acquired by Bain Capital

- Salt Labs acquired by Chime

- Rooam acquired by American Express

- Invoiced acquired by Flywire

- Screena acquired by ThetaRay

- LemonSqueezy acquired by Stripe

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