Company Payfare Inc. OTC Markets

Equities

PYFRF

CA70437C1095

Business Support Services

Delayed OTC Markets 17:42:36 16/07/2024 BST 5-day change 1st Jan Change
4.515 USD -0.11% Intraday chart for Payfare Inc. +2.38% -1.85%

Business Summary

Payfare Inc. is a Canada-based global financial technology company providing digital banking and instant payment solutions for the gig workforce. The Company partners with platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial health for their workforce. The Company operates in two principal geographical areas: Canada and United States. It provides services to gig workers and businesses. It provides 1099 and contract workers with instant access to their earnings and a digital banking service. The Company 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, such as trades and construction, hospitality, rideshare, healthcare, home services, creators, trucking and freelance. Its subsidiaries include Payfare International Inc. and Payfare Mexico Inc. S.A. de C.V.

Number of employees: 86

Sales per Business

CAD in Million2022Weight2023Weight Delta
Instant Payout and Digital Banking Solutions
100.0 %
130 100.0 % 186 100.0 % +43.19%

Sales per region

CAD in Million2022Weight2023Weight Delta
United States
99.4 %
129 98.9 % 185 99.4 % +43.82%
Canada
0.6 %
1 1.1 % 1 0.6 % -14.83%

Managers

Managers TitleAgeSince
Chief Executive Officer - 31/12/14
Founder 45 31/12/14
Director of Finance/CFO - 25/11/18
Compliance Officer - -
Chief Tech/Sci/R&D Officer - 01/06/21
Investor Relations Contact - 21/11/21
General Counsel - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member 55 03/12/15
Founder - 31/12/14
Director/Board Member - 04/02/21
Director/Board Member - 04/02/21
Chief Executive Officer - 31/12/14
Director/Board Member 53 04/02/21
Director/Board Member - 18/08/22

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 47,952,573 44,564,630 ( 92.93 %) 0 92.93 %

Shareholders

NameEquities%Valuation
Kingsferry Capital Management Consulting (Shanghai) Co., Ltd.
9.948 %
4,769,800 9.948 % 18 M $
2,273,223 4.741 % 9 M $
1,601,155 3.339 % 6 M $
843,459 1.759 % 3 M $
Hood River Capital Management LLC
0.9740 %
467,025 0.9740 % 2 M $
298,976 0.6236 % 1 M $
Paul Haber
0.2232 %
107,036 0.2232 % 412 624 $
95,154 0.1985 % 366 819 $
Palos Management, Inc.
0.1387 %
66,500 0.1387 % 256 358 $
IA Clarington Investments, Inc.
0.0575 %
27,570 0.0575 % 106 282 $

Company contact information

Payfare, Inc.

40 University Avenue Suite 551

M5J 1T1, Toronto

+

http://www.payfare.com
address Payfare Inc.(PYFRF)