1. Canada Stocks

  2. •

    Technology

  3. •

    Software - Infrastructure
Payfare Inc.

Payfare Inc.

PAY.TO
Payfare Inc.CA flagToronto Stock Exchange
4.00
CAD
- -
- -
193.15MMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
- -
0.03
0.09
0.15
0.32
0.97
2.82
3.91
4.49
Basic EPS, GAAP
-0.11
-0.28
-0.32
-0.58
-0.64
-0.49
-0.06
0.28
0.4
Free Cash Flow per Basic Share
-0.03
-0.15
-0.22
-0.3
-0.06
-0.36
0.16
0.36
0.61
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.03
-0.18
-0.24
-0.28
-0.66
0.79
0.68
1.11
1.43
Tangible Book Value per Share
0.01
-0.01
-0.08
0.02
-0.32
1.05
0.98
1.38
1.66
Basic Weighted Avg Shares
41
41
41
41
41
43
46
48
48
Sales/Revenue/Turnover
- -
1
4
6
13
42
130
186
217
Operating Margin (%)
-17,686.69
-952.45
-338.34
-246.65
-120.22
-44.11
-2.91
6.84
8.5
Depreciation Expense
- -
- -
1
1
1
1
1
3
5
Net Income, GAAP
-5
-11
-13
-24
-26
-21
-3
13
19
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
1.01
0.78
Profit Margin (%)
-19,377.58
-982.1
-373.6
-378.83
-195.72
-50.93
-2.26
7.05
8.94
Working Capital
- -
- -
-3
- -
-13
45
43
65
66
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
- -
- -
-2
2
-12
47
49
71
87
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
21.03
23.98
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
31.11
33.33
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
-8.94
31.12
33.34

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
334
290
98

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
350
343
347
Cash, Cash Equivalents & STI
326
318
75
Accounts Receivable, Net
4
4
10
Inventories
- -
- -
- -
Total Current Liabilities
280
281
281
Payables & Accruals
27
34
37
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-268.38%
46.84%
Free Cash Flow
- -
99.16%
137.49%
Net Income, GAAP
- -
-112.72%
-546.95%
Sales/Revenue/Turnover
- -
130.76%
43.19%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
24
33
35
36
130
2023
42
47
47
50
186
2024
52
56
59
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.06
-0.05
-0.02
- -
-0.06
2023
0.03
0.04
0.1
- -
0.28
2024
0.11
0.1
0.09
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Marco Margiotta
Full Time Employees
86
Sector
Technology
Industry
Software - Infrastructure
Address
550 Burrard Street Vancouver BC Canada V6C 2B5
IPO Date
Mar 19, 2021
Website
payfare.com
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Business
Payfare Inc. (TSX:PAY) provides instant payout, digital banking, and loyalty-reward solutions to gig economy workers and modern workforces. The company offers Payfare, a comprehensive platform enabling access to earnings along with banking services including ATM withdrawals, money transfers, payment cards, and mobile wallets; Paid Portal by Payfare, a payout solution tailored for gig workforces; and Paid App by Payfare, a full-service digital banking application with cash-back rewards on gas, EV charging, and everyday purchases. Payfare serves partners such as Uber, Lyft, Uber Eats, and Walmart, targeting independent contractors, rideshare drivers, delivery couriers, and 1099 workers with features like automatic payouts after trips, backup balance options, and financial inclusion tools. Founded in 2012 and headquartered in Vancouver, Canada, Payfare operates across Canada, the United States, and Mexico. The company functions within the financial technology sector, focusing on embedded finance, earned wage access, and program management for new economy platforms. In December 2024, Payfare entered a definitive agreement to be acquired by Fiserv Inc. for approximately C$201.5 million at C$4.00 per share, following the termination of its DoorDash partnership earlier that year. Fiserv completed the acquisition on March 3, 2025, integrating Payfare's card program management, white-label consumer app, and microservices into its embedded banking, payments, and lending solutions, with Payfare's co-founders and employees joining the Fiserv team. Payfare now operates as a subsidiary enhancing Fiserv's offerings for gig workers and large enterprises.