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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

Post by retiredcfon Sep 29, 2024 1:15pm
645 Views
Post# 36246044

Reaction

ReactionIt does not look like any sepcific reason is being disclosed at this time for why Doordash is not renewing. A lot of the damage is likely done at this point in terms of share reaction, so we might just let the dust settle over the weekend at this stage. The company has cash on the balance sheet and notes they are working on other contracts as well, but of course whether these come to fruition remains to be seen. (5iResearch)


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