Payfare Inc. (T:PAY)
Business Focus: Transaction & Payment Services
Mixed as of November 01, 2024
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Insider Filings
Latest 10 SEDI filings for PAY within the last 6 months
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Company News
Nov 19, 2024 06:00 ET
Payfare Launches Pronto Providing Earned Wage Access to Canadians
Pronto by PayfareTM helps employers support their workforce with real time access to earnings
Nov 06, 2024 16:05 ET
Payfare Announces Third Quarter 2024 Financial Results
Payfare generated net income of $4.5 million, and Adjusted net income per share1 of $0.17 in Q3 2024
Valuation Ratios
Industry
Sector
Beta
1.68
--
--
Price to Sales - TTM
0.44
0.78
2.63
Price to Book - most recent quarter
1.09
1.10
3.02
Price to Cash Flow per share - TTM
3.89
3.89
13.24
Price to Free Cash Flow per share - TTM
3.50
2.71
26.08
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Nov 15, 2024 | 898,119 | -46,245 |
| Oct 31, 2024 | 944,364 | 613,885 |
| Oct 15, 2024 | 330,479 | -386,079 |
Business Summary
| Sector: Industrials | Industry: Business Support Services |
Payfare Inc. is a Canada-based international Earned Wage Access company powering instant access to earnings through a digital banking platform for the workforce. It partners with e-commerce marketplaces, payroll platforms and employers to provide financial security and inclusion for all workers. It partners with platforms and marketplaces, such as Uber, Lyft and DoorDash. It provides services to gig workers and businesses. The Company operates in two geographical areas: Canada and USA. It provides 1099 and contract workers with instant access to their earnings and a digital banking service. It 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 of all sizes, including trades and construction, hospitality, rideshare, healthcare, home services, creators, trucking and freelance.
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