Payfare Inc. (TSX:PAY) will look for acquisitions. Payfare has successfully closed its previously announced initial public offering of 10.9 million Class A common shares at a price of $6 per common share for total gross proceeds of $65.4 million. Payfare will use the net proceeds from the Offering to repay its short term debt in full, finance growth and expansion initiatives including potential future acquisitions, and for general corporate purposes which includes investments in new services and technologies that expand, complement or are otherwise related to the Payfare's current business.