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    PAY   CA70437C1095

PAYFARE INC.

(PAY)
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Payfare : Receives Visa Ready Certification

07/27/2021 | 07:01am EDT

TORONTO, July 27, 2021 /CNW/ -- Payfare Inc. (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for contract workers, today announced that it has been granted a Visa Ready certification through the Visa Ready for Fintech Enablers program.

The Visa Ready Fintech Enablement Program provides partners like Payfare with access to Visa's growing partner network through top of funnel awareness, go-to-market support to uncover new markets and newly launched Visa products and solutions. Payfare already powers faster, digital payments for some of the world's largest on-demand platforms. With this certification, Payfare accelerates the expansion of its solution, furthering its mission to support financial health for the growing, global gig workforce. 

"We are thrilled to join the ranks of the innovative fintechs who are certified by Visa," said Marco Margiotta, CEO and Founding Partner of Payfare. "We know gig workers want flexibility in how, and how fast, they are paid, and that demand is only increasing as the gig economy grows globally. With this certification, we will grow the number of gig workers eligible for faster and instant payouts, by bringing our solution to new partners and places." 

Learn more about the Visa Ready program at https://partner.visa.com

About Payfare (TSX:PAY)
Payfare is a global financial technology company powering digital banking and instant payment solutions for today's gig workforce. Payfare partners with leading platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial security and inclusion for their workforce.

For further information please visit www.payfare.com or contact:
Su Chun, Chief Compliance & Legal Officer
1 (888) 850-2713
investor@payfare.com  

or

Lindsey Abshire 
(647) 417-4788 
media@payfare.com 

Cision
View original content:https://www.prnewswire.com/news-releases/payfare-receives-visa-ready-certification-301341593.html

SOURCE Payfare

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2021 39,4 M 30,8 M 30,8 M
Net income 2021 -19,3 M -15,1 M -15,1 M
Net Debt 2021 - - -
P/E ratio 2021 -23,8x
Yield 2021 -
Capitalization 451 M 354 M 353 M
Capi. / Sales 2021 11,4x
EV / Sales 2022 4,45x
Nbr of Employees -
Free-Float 87,2%
Chart PAYFARE INC.
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Technical analysis trends PAYFARE INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 3
Last Close Price 9,87 CAD
Average target price 15,50 CAD
Spread / Average Target 57,0%
EPS Revisions
Managers and Directors
Marco Margiotta Chairman & Chief Executive Officer
Charles Park Chief Financial Officer
Kamran Haidari Chief Technology Officer
Brian Miller Chief Operating Officer
Paul Haber Lead Independent Director
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