Added to YB: 2024-05-22
Pitch date: 2024-05-21
PAY.TO [neutral]
Payfare Inc.
-38.84%
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 6.54
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.05
P/E
10.08
EV/Sales
0.47
Sector
Financial Services
Category
N/A
Payfare $PAY.TO (Unrated)
PAY.TO: Strong Q1 - rev +23%, margins +230bps, net income +294%. $85M cash, 0 debt. Risks: No audited '22 fins (due 5/2), $1M owed by insiders since '21, heavy insider selling pre-blackout. Quadrupled revs in 3yrs, 10% NI but concerns = Unrated
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