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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

Comment by Hich1205on Oct 05, 2024 8:25am
145 Views
Post# 36254356

RE:RE:RE:great share price level for an entry point

RE:RE:RE:great share price level for an entry pointpay has long term agreement with lyft, uber and some kind of agreement with ADP, so if we have to assess this risk, it will be a low risk for the mid term. even if it happens, then the company will have to be sold or wind down and in this case it's the liquidation value, ie. fair market value for assets and liabilities wich is above current market cap. The only risk that i'm seing is the management taking too much time before reaching a a strategic intitaive which can lead to more cash bur, but again that meams they will loose their own money, since they still own millions of shares.
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