Payfare: Completes IPO

  • Payfare a global financial technology company powering digital banking and instant payout solutions for today’s gig workforce
  • Payfare use the net proceeds from the Offering to repay its short term debt in full, finance growth
  • The Common Shares commence trading today on the Toronto Stock Exchange under the symbol “PAY”
  • The Offering made through a syndicate of underwriters (collectively, the “Underwriters”) led by Stifel GMP and which included Scotia Capital
  • The Common Shares not and not registered under the United States Securities Act of 1933
  • U.S. state securities law and not offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Experian Launches Credit Score App in ChatGPT, Enhancing Financial Access

New tool enables users to check credit scores effortlessly via ChatGPT.Highlights: Experian's app allows users to check credit...

US Senate Passes Bill Banning Issuance of CBDCs

Legislation aims to restrict the development of digital currencies by the Federal Reserve.Highlights: The US Senate approved a...

Truist Expands Open Banking Offerings with Plaid Partnership

Collaboration aims to enhance customer access to financial services.Highlights: Truist collaborates with Plaid for open banking expansion.The partnership...

UK’s National Fraud Database Reports 444,000 Fraud Cases in 2025

Cifas reveals a significant rise in reported fraud incidents across the UK.Highlights: Cifas reported 444,000 fraud cases in...