Payfare
Instant pay solutions for gig workers, enhancing financial freedom and peace of mind.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | CAD202m Valuation: CAD202m | Acquisition | |
| Total Funding | 000k | ||
| CAD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 209 % | 76 % | 113 % | 225 % | 197 % | 43 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (958 %) | (323 %) | (234 %) | (169 %) | (44 %) | (1 %) | 10 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (982 %) | (374 %) | (379 %) | (196 %) | (49 %) | (2 %) | 7 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Payfare is a financial technology company that provides instant pay solutions for gig workers, enabling them to access their earnings immediately. Operating in the gig economy, Payfare partners with some of the world's largest gig platforms to offer financial services that improve the daily lives of workers. The company serves gig workers who need quick access to their earnings, offering features such as online shopping, cash back rewards, mobile wallet payments, fraud protection, and insured funds. Payfare's business model revolves around providing these financial services to gig platforms, which in turn offer them to their workers. The company generates revenue through service fees and transaction fees associated with its financial products. By offering instant pay and other financial services, Payfare helps gig workers achieve financial stability and peace of mind.
Keywords: instant pay, gig workers, financial technology, gig economy, cash back rewards, mobile wallet, fraud protection, insured funds, service fees, transaction fees.