TORONTO, March 3, 2025 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF) today announced that 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv, Inc. ("Fiserv") (NYSE: FI) has completed its previously announced acquisition of Payfare pursuant to a plan of arrangement under the British Columbia Business Corporations Act (the "Arrangement").

"It's an exciting day for Payfare as we join together with Fiserv," said Marco Margiotta, Chief Executive Officer & Founding Partner of Payfare. "This is a transformative step that will further our mission of providing financial security and inclusion for all workers, as we innovate further and faster with Fiserv. Thank you to the dedicated Payfare team, our clients, and partners who have paved a new way of pay, as we powered over $20 billion in instant access to earnings for millions of gig workers over the years." 

TORONTO, March 3, 2025 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF) today announced that 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv, Inc. ("Fiserv") (NYSE: FI) has completed its previously announced acquisition of Payfare pursuant to a plan of arrangement under the British Columbia Business Corporations Act (the "Arrangement").

"It's an exciting day for Payfare as we join together with Fiserv," said Marco Margiotta, Chief Executive Officer & Founding Partner of Payfare. "This is a transformative step that will further our mission of providing financial security and inclusion for all workers, as we innovate further and faster with Fiserv. Thank you to the dedicated Payfare team, our clients, and partners who have paved a new way of pay, as we powered over $20 billion in instant access to earnings for millions of gig workers over the years." 

TORONTO, Feb. 26, 2025 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF) announced today that the Supreme Court of British Columbia (the "Court") has issued a final order approving the previously announced plan of arrangement (the "Arrangement") pursuant to which 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv, Inc. ("Fiserv") will acquire all of the issued and outstanding Class A Common shares of Payfare.

Subject to the satisfaction or waiver of the remaining conditions to closing contained in the arrangement agreement entered into among the Company, Fiserv and the Purchaser dated December 22, 2024 (the "Arrangement Agreement"), the Arrangement is expected to close in Q1 2025.

TORONTO, Feb. 21, 2025 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF) is pleased to announce that the Company's Class A Common shareholders (the "Shareholders") have voted in favour of the previously announced acquisition of Payfare by 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv, Inc. (NYSE: FI) ("Fiserv") pursuant to a plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") at the Company's special meeting of Shareholders (the "Meeting") held earlier today.

Fiserv's all-cash offer provides highly attractive, certain, and immediate value to Payfare shareholders

Payfare's Board of Directors unanimously recommends shareholders vote "FOR" the proposed transaction with Fiserv

Leading proxy advisors ISS and Glass Lewis have also recommended shareholders vote "FOR" the proposed transaction with Fiserv

Payfare sets the record straight on inaccurate statements and omissions by Kingsferry

TORONTO, Feb. 12, 2025 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF) today reiterated the unanimous recommendation of its Board of Directors (the "Board") that shareholders vote "FOR" the proposed arrangement agreement (the "Arrangement") with Fiserv, Inc. ("Fiserv") (NYSE: FI) and 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv.

Fiserv's all-cash offer provides highly attractive, certain, and immediate value to Payfare shareholders

Payfare's Board of Directors unanimously recommends shareholders vote "FOR" the proposed transaction with Fiserv

Leading proxy advisors ISS and Glass Lewis have also recommended shareholders vote "FOR" the proposed transaction with Fiserv

Payfare sets the record straight on inaccurate statements and omissions by Kingsferry

TORONTO, Feb. 12, 2025 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF) today reiterated the unanimous recommendation of its Board of Directors (the "Board") that shareholders vote "FOR" the proposed arrangement agreement (the "Arrangement") with Fiserv, Inc. ("Fiserv") (NYSE: FI) and 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv.

Proposed Arrangement Does Not Provide Fair Value to Shareholders

Offer Price Ignores Payfare's Long-Term Growth Potential and Value of Potential Synergies

Proposed Sale Disproportionately Benefits Insiders at the Expense of Shareholders

TORTOLA, British Virgin Islands, Feb. 11, 2025 /CNW/ - Kingsferry Capital Management Group Limited, which beneficially owns, controls or directs approximately 10.6% of the issued and outstanding common shares of Payfare Inc. (TSX: PAY) ("Payfare" or the "Company"), today issued an open letter to fellow shareholders of Payfare, urging them to vote against the proposed acquisition of all of the issued and outstanding shares of the Company by 1517452 B.C. Ltd., a subsidiary of Fiserv, Inc., at the Company's upcoming Special Meeting of Shareholders to be held on February 21, 2025.The full text of the letter is set forth below:

TORONTO, Feb. 4, 2025 /CNW/ - Payfare Inc. ("Payfare" or the "Company")(TSX: PAY) (OTCQX: PYFRF) is pleased to announce that proxy advisory firm Glass Lewis has recommended that Payfare shareholders ("Shareholders") vote "FOR" the previously announced statutory plan of arrangement (the "Arrangement") between the Company, Fiserv, Inc. ("Fiserv")(NYSE: FI) and 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv.

TORONTO, Jan. 29, 2025 /CNW/ - Payfare Inc. ("Payfare" or the "Company")(TSX: PAY)(OTCQX: PYFRF) is pleased to announce that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has issued a report recommending that Payfare shareholders ("Shareholders") vote FOR the arrangement agreement (the "Arrangement") between the Company, Fiserv, Inc. ("Fiserv")(NYSE: FI) and 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv.

TORONTO, Jan. 23, 2025 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF) is pleased to announce that it has filed and is in the process of mailing its management information circular (the "Circular") and related materials for the special meeting (the "Meeting") of the Company's shareholders (the "Shareholders") to be held on February 21, 2025.

TORONTO, Dec. 23, 2024 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with 1517452 B.C. Ltd. the "Purchaser"), an affiliate of Fiserv, Inc. (NYSE: FI) "Fiserv") a leading global provider of payments and financial services technology, whereby the Purchaser will acquire the Company, subject to obtaining shareholder and other customary approvals (the "Transaction"). Under the terms of the Arrangement Agreement, the Purchaser will acquire all of the issued and outstanding common shares of the Company for CA$4.00 in cash per share (the "Purchase Price"), for total consideration of approximately CA$201.5 million.

TORONTO, Dec. 23, 2024 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with 1517452 B.C. Ltd. the "Purchaser"), an affiliate of Fiserv, Inc. (NYSE: FI) "Fiserv") a leading global provider of payments and financial services technology, whereby the Purchaser will acquire the Company, subject to obtaining shareholder and other customary approvals (the "Transaction"). Under the terms of the Arrangement Agreement, the Purchaser will acquire all of the issued and outstanding common shares of the Company for CA$4.00 in cash per share (the "Purchase Price"), for total consideration of approximately CA$201.5 million.

Pronto by PayfareTM helps employers support their workforce with real time access to earnings

TORONTO, Nov. 19, 2024 /CNW/ - Payfare Inc. (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, is proud to announce the launch of its new EWA product, Pronto by PayfareTM. Pronto provides Canadian workers with on-demand access to their earned wages, providing them with financial flexibility to manage income and expenses.

Payfare generated net income of $4.5 million, and Adjusted net income per share1 of $0.17 in Q3 2024

TORONTO, Nov. 6, 2024 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, today announced the filing of its Financial Statements and Management's Discussion and Analysis ("MD&A") for the quarter ending September 30, 2024. A comprehensive discussion of Payfare's financial position and results of operations are provided in the MD&A, which is filed on SEDAR+ under Payfare's profile and can be found at www.sedarplus.ca.

Payfare generated net income of $4.5 million, and Adjusted net income per share1 of $0.17 in Q3 2024

TORONTO, Nov. 6, 2024 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, today announced the filing of its Financial Statements and Management's Discussion and Analysis ("MD&A") for the quarter ending September 30, 2024. A comprehensive discussion of Payfare's financial position and results of operations are provided in the MD&A, which is filed on SEDAR+ under Payfare's profile and can be found at www.sedarplus.ca.

TORONTO, Oct. 23, 2024 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF) will be hosting a conference call on Wednesday, November 6, 2024, at 6:30 p.m. ET to discuss the Company's financial results for the third quarter of 2024. The complete financial results are expected to be released shortly after market close on Wednesday, November 6, 2024. 

A short presentation in connection with the conference call will be made available ahead of time on the Company's website at https://corp.payfare.com/investors/. Management will also host a live question and answer session on the conference call with analysts.

TORONTO, Sept. 29, 2024 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, today announced that its Board of Directors has initiated, with the assistance of outside legal and financial advisors, a comprehensive and thorough strategic review process to explore and evaluate a broad range of potential options for the Company to enhance value.

TORONTO, Sept. 29, 2024 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, today announced that its Board of Directors has initiated, with the assistance of outside legal and financial advisors, a comprehensive and thorough strategic review process to explore and evaluate a broad range of potential options for the Company to enhance value.

TORONTO, Sept. 27, 2024 /CNW/ - The following issues have been halted by CIRO:

Company: Payfare Inc.

TSX Symbol: PAY

All Issues: No

Reason: Single Stock Circuit Breaker

Halt Time (ET): 9:40:52 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.