Payfare Inc.
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- Payfare Inc. is a financial technology company providing instant payout, digital banking, and earned wage access solutions primarily to gig economy workers. Founded in 2012 and headquartered in Vancouver, Canada, the company operates in Canada, the United States, and Mexico, partnering with platforms including Uber, Lyft, DoorDash, and Walmart to deliver financial inclusion through its core offerings: the Payfare platform for earnings access, banking services such as ATM withdrawals, money transfers, payment cards, and mobile wallets; Paid Portal by Payfare, a payout solution for gig workforces; and the Paid App by Payfare, a digital banking application featuring high-yield savings, balance protection up to US$200, cashback rewards for elite drivers, wellness perks, spend insights, and cash ATM deposits. In December 2024, Fiserv Inc. announced its acquisition of Payfare for C$201.5 million, a transaction completed in March 2025 that positions Payfare as a subsidiary enhancing Fiserv's embedded finance capabilities in card program management, white-label consumer apps, and microservices orchestration for large enterprises and financial institutions. Recent enhancements include the August 2024 launch of an upgraded Lyft Direct debit card and app, alongside ongoing expansions into employee verticals via integrations like ADP for earned wage access in Canada and pursuits of new white-label partnerships.
Fiserv Completes Acquisition of Payfare
Payfare Reaffirms its Recommendation that Shareholders Vote "FOR" the Transaction with Fiserv
Fintech firm Fiserv to buy Canada's Payfare
Payfare Enters into Definitive Agreement to be Acquired by Fiserv
Payfare Announces Third Quarter 2024 Financial Results
Payfare Initiates Strategic Review Process to Enhance Value
Payfare and DoorDash to Not Renew Agreement
Lyft and Payfare Announce Launch of New Features for the Lyft Direct Debit Card and Banking App
Payfare Announces Second Quarter 2024 Financial Results
Lyft and Payfare Announce Long Term Extension of Lyft Direct Program
Payfare to Hold Investor Conference Call to Discuss Second Quarter 2024 Financial Results
Payfare Forms Strategic Advisory Board and Announces Appointment of Alex Ceballos
Payfare: Delivering Growing Profits
Payfare Announces Completion of 2023 Annual Filings
Payfare: Market Is Misjudging Its Growth Potential
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Payfare Announces First Quarter 2024 Financial Results
Payfare Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results
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Payfare Investment Thesis: Capitalizing On The Gig Economy Boom