Payfare
Payfare is a fintech providing earned-wage-access, instant payouts, and digital banking to gig workers; acquired by Fiserv in 2025.
About
Payfare Inc. is a financial technology company that provides instant-payout, earned-wage-access, and digital-banking solutions to gig-economy workers, including payment cards, mobile wallets, ATM withdrawals, and money transfers. It powered payout and banking programs for gig platforms and marketplaces such as Uber, Lyft, and DoorDash. Founded in 2012 and headquartered in Toronto, Canada, it traded on the Toronto Stock Exchange under ticker PAY until it was acquired by Fiserv in a deal that closed in March 2025.
Products
Payfare Earned Wage Access & Digital Banking, Instant Pay Platform, Payfare Mastercard (reloadable prepaid), Digital Wallet, Cashback Rewards, Fee-Free ATMs, Budgeting Tools, Payroll Integration, Gig Economy Payments, White-Label Solutions, Employer Dashboard, Financial Wellness
Leadership
founders · executives- Keith McKenzieFounder
- Marco MargiottaFounder
- Ryan DeslippeFounder
Recent moves
funding · M&A · launches- Dec 23, 2024
Payfare in the news
All news →Payfare — frequently asked questions
What does Payfare do?
Payfare is a fintech providing earned-wage-access, instant payouts, and digital banking to gig workers; acquired by Fiserv in 2025.
Where is Payfare headquartered?
Payfare is headquartered in Toronto, Ontario, Canada.
When was Payfare founded?
Payfare was founded in 2012.
Who founded Payfare?
Payfare was founded by Marco Margiotta, Ryan Deslippe, Keith McKenzie.
How many employees does Payfare have?
Payfare has 51-200 employees.
How much funding has Payfare raised?
Payfare has raised CA$65.4M (Formerly public (TSX: PAY); acquired by Fiserv for ~C$201.5M, deal closed March 2025) to date, per DHRMap records.
What kind of HR technology is Payfare?
Payfare is categorized under Pay on Demand on DHRMap.
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