Payfare

Financial Services • Toronto, Ontario, Canada • 51-100 Employees

Company overview

Headquarters	Toronto, Ontario, Canada
Website	payfare.com
NAICS	52
SIC	602
Keywords	Information Technology, Banking, Card Services, Technology, Financial, Mobile, Fintech, App, Mobile Banking, Prepaid, Cashless, Microlending, Chip And Pin, Advance Payment, On Demand Payment
Founded	2015
Employees	51-100
Socials

Key Contacts at Payfare

Faizan Mohd

Director Of Product, Enterprise Fintech Apps

Nikola Jankovic

Director Of Engineering

Brianne Edwards

Director Program Management

Tualha Khan

Sr. Director Infrastructure, Devops & Security

Sergei Babinets

Director Of Finance

Chandra Barve

Director Business Intelligence

Adina Mateiescu

Director Of Compliance

Payfare Email Formats

Payfare uses 4 email formats. The most common is {first name}{last name} (e.g., johndoe@payfare.com), used 48.5% of the time.

Format	Example	Percentage
{first name}{last name}	johndoe@payfare.com	48.5%
{first initial}{last name}	jdoe@payfare.com	42.4%
{first initial}	j@payfare.com	6.1%
{last name}{last name}	doedoe@payfare.com	3%

About Payfare

Payfare is a global fintech company offering mobile banking, instant payment and loyalty-reward solutions for today’s workforce. Payfare’s financial technology platform is providing financial inclusion and empowerment to millions of next-generation workers around the globe with a full-service business mobile bank account and debit card with instant access to their earnings and relevant cash-back rewards. Payfare was founded in 2015 by fintech entrepreneurs and a senior management team with unparalleled experience in the banking, payment card and financial technology sectors. Payfare is backed by major investors and financial institutions around the world. The company is headquartered in Toronto, Canada. Some of the world’s largest on-demand economy platforms including Uber, Lyft, Walmart and DoorDash trust Payfare to pay their workers. Accounts are subject to eligibility, terms, limits and fees. Banking services are provided by bank partners.

Payfare revenue & valuation

Annual revenue	$43,800,000
Revenue per employee	$592,000
Estimated valuation?This valuation is estimated based on industry average for the Financial Services industry and current estimated revenues	$140,200,000
Total funding	$57,500,000

Employees by Management Level

Total employees: 51-100

Seniority

Employees

Entry

Senior

Manager

Employees by Department

Payfare has 50 employees across 11 departments.

Departments

Number of employees

Funding Data

Explore Payfare's funding history, including investment rounds, total capital raised, and key backers.

Funding Date	Round	Amount	Link to Article
2021-04-15	16	$52,400,000
2018-09-02	11	$5,100,000

Funding Insights

$57,500,000

Total funding amount

$5,100,000

Most recent funding amount

Number of funding rounds

Payfare Tech Stack

Discover the technologies and tools that power Payfare's digital infrastructure, from frameworks to analytics platforms.

Google Workspace

AWS Certificate Manager

SSL/TLS certificate authorities

Amazon Web Services

PaaS

HSTS

Security

Frequently asked questions

Payfare is located in Toronto, Ontario, CA.

Payfare was founded in 2015, making it 11 years old. The company has established itself as a significant player in its industry over this time.

Payfare has approximately 51-100 employees. The company continues to grow its workforce to support its business operations and expansion.

Payfare has raised a total of $57,500,000 across 2 funding rounds. This investment has helped the company grow and expand its operations.