Added to YB: 2024-03-20
Pitch date: 2024-03-19
PAY.TO [bullish]
Payfare Inc.
-42.53%
current return
Author Info
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Company Info
Payfare Inc., a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico.
Market Cap
CAD 189.8M
Pitch Price
CAD 6.96
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.05
P/E
10.08
EV/Sales
0.47
Sector
Financial Services
Category
growth
Growth stock with favorable valuation - PAYFARE
[author has sold] Payfare ($PAY.TO): Fintech providing instant payments for gig workers. 1.4M users, up 33% YoY. Q3: $12.2M gross profit (+77%), $4.8M net income, 48% ROE. Expects continued strong growth, $56M cash, no debt. Trades at <13x 2024 P/E. Reports Q4 on Mar 21.
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