This summary was created by AI, based on 4 opinions in the last 12 months.
Payfare, with symbol PAY-T, is a Canadian Fintech company that provides instant access to earnings for gig workers. It has contracts with major players like Uber, Lyft, and Doordash, and is planning to expand its technology beyond the gig economy. The company has shown high growth and profitability, and there is potential for further expansion into new industries. Overall, it is viewed as a strong business with a unique business model and significant growth potential.
A Canadian Fintech company that allows Canadian gig workers to have instant access to their money. It has contracts with Uber, Lyft and DoorDash, the three biggest players in that space. Using their credit card system, Payfare takes a piece of the merchant fee, not Uber, etc., or the worker. They are planning to take their technology and apply it outside the gig space. There is super high growth in a very fast growing space. it has a decent valuation and very high ROE. Buy 6 Hold 0 Sell 0
(Analysts’ price target is $10.42)A fintech that allows shift-workers like Uber Eats deliverers to get paid as soon as they complete their shift so the could spend that money. PAY makes money on interaction fees. They have enough cash flow to meet their growth plans. They have 1.2 million out of 70 million gig workers out there, so there's lots of room to grow.
(Analysts’ price target is $10.50)IPO'd in 2021, but became profitable last year, tripling their revenue and became profitable in Q4 2022. Can they expand beyond Uber, Lyft and Doordash? That's what he's watching.
Payfare is a Canadian stock, trading under the symbol PAY-T on the Toronto Stock Exchange (PAY-CT). It is usually referred to as TSX:PAY or PAY-T
In the last year, 1 stock analyst published opinions about PAY-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Payfare.
Payfare was recommended as a Top Pick by on . Read the latest stock experts ratings for Payfare.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Payfare In the last year. It is a trending stock that is worth watching.
On 2020-02-04, Payfare (PAY-T) stock closed at a price of $0.12.
It is one of his favourites with a fantastic business model, a very good core business and ROC, and trading at 8 or 9 times earnings. It is good for Uber drivers and others in the gig market since they can access their money quickly. The gig market is growing at 30% per year. It is not well known but there are lots of catalysts coming. It may move outside the gig space. For example it may start to provide fast access to capital in the fast food industry meaning that workers can access their money right after a shift. It is a capital light business.