Payfare Announces Record Third Quarter 2023 Financial Results

Record quarterly profitability, generating net income of $4.8 million, and Adjusted net income per share1 of $0.16 in Q3 2023

TORONTO, Nov. 8, 2023 /PRNewswire/ – Payfare Inc. (“Payfare” or the “Company“) (TSX:PAY) (OTCQX: PYFRF), a leading fintech powering instant payout 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, 2023. 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.

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