Payfare Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 88

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 3

Payfare General Information

Description

Payfare Inc is a fintech company offering digital banking, instant payment, and loyalty-reward solutions. Its financial technology platform is providing financial inclusion and empowerment to next-generation workers around the globe with a full-service mobile bank account and debit card with instant access to their earnings and relevant cash-back rewards. The brands that use Payfare include Lyft, Uber, and DoorDash. Geographically, the company derives its maximum revenue from the United States. The company operates in Canada and has subsidiaries in the United States and Mexico.

Contact Information

Website
www.payfare.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Corporate Office
  • 67 Mowat Avenue
  • Suite 402
  • Toronto, Ontario M6K 3E3
  • Canada
Primary Industry
Financial Software
Other Industries
Other Financial Services
Consumer Finance
Parent Company
Fiserv
Vertical(s)
TMT, FinTech
Former Stock Listing
S2R
Corporate Office
  • 67 Mowat Avenue
  • Suite 402
  • Toronto, Ontario M6K 3E3
  • Canada

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Payfare Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Payfare Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Payfare Inc is a fintech company offering digital banking, instant payment, and loyalty-reward solutions. Its financial
Financial Software
Toronto, Canada
88 As of 2025

Boston, MA
 

London, United Kingdom
 
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Payfare Competitors (45)

One of Payfare’s 45 competitors is Circle, a Venture Capital-Backed company based in Boston, MA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Circle Venture Capital-Backed Boston, MA
Revolut Venture Capital-Backed London, United Kingdom
N26 Venture Capital-Backed Berlin, Germany
Coinify Corporate Backed or Acquired Copenhagen, Denmark
AdvisorEngine Private Equity-Backed Raleigh, NC
You’re viewing 5 of 45 competitors. Get the full list »

Payfare Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Payfare Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Payfare FAQs

  • When was Payfare founded?

    Payfare was founded in 2013.

  • Where is Payfare headquartered?

    Payfare is headquartered in Toronto, Canada.

  • What is the size of Payfare?

    Payfare has 88 total employees.

  • What industry is Payfare in?

    Payfare’s primary industry is Financial Software.

  • Is Payfare a private or public company?

    Payfare is a Private company.

  • What is the current valuation of Payfare?

    The current valuation of Payfare is .

  • What is Payfare’s current revenue?

    The current revenue for Payfare is .

  • How much funding has Payfare raised over time?

    Payfare has raised $51.9M.

  • Who are Payfare’s investors?

    Bluesky Digital Assets, Financial Ventures Group, and Rocket One Capital have invested in Payfare.

  • Who are Payfare’s competitors?

    Circle, Revolut, N26, Coinify, and AdvisorEngine are some of the 45 competitors of Payfare.

  • When was Payfare acquired?

    Payfare was acquired on 03-Mar-2025.

  • Who acquired Payfare?

    Payfare was acquired by Fiserv.

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