Private Eye

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Off-market insider selling at Payfare (T:PAY)

Updated Wednesday Sep 27, 2023 02:35 AM EDT

Kingsferry Capital Management Group Limited, a 10% Holder, disposed of 326,000 Common Shares on a control or direction basis for registered holder Kingsferry Classic Value Fund I Ltd. at a price of $5.316 through a private transaction on September 26th, 2023. This represents a $1,733,049 divestment of the company's shares and an account share holdings change of -6.8%.

Payfare is in the Business Support Services Sub Industry Group under the Industrials Sector.

Payfare Inc. is a Canada-based financial technology company. The Company provides instant payout and digital banking solutions for the gig economy. The Company partners with platforms and marketplaces, such as Uber, Lyft and DoorDash to provide financial security and inclusion for their workforce. It provides gig workers with instant access to their earnings and a digital banking experience allowing them to focus financially rather than having to rely on the traditional banking system, payday loans, overdrafts and credit cards. The Company operates in Canada, United States and Mexico. Its wholly owned subsidiaries include Payfare International Inc. and Payfare Mexico Inc. S.A. de C.V.Ignore suggestion

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Go to Payfare Inc. (PAY)'s company page

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