Company Information

Get to know Payfare

Founded in 2015, Payfare Inc. is a leading B2B2C financial technology company that provides mobile banking, instant payment, and loyalty-reward solutions for gig economy workers. The company partners with major platforms in the on-demand economy, such as Uber, Lyft, and DoorDash, to provide their workforces with free access to a digital bank account and a debit card. This enables gig workers to get paid instantly after completing a job, rather than waiting for traditional weekly or bi-weekly payment cycles, empowering them with greater financial flexibility and security.

Industry

Financial Electronic PaymentPRIMARY
Financial Banking
Financial Other Service

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Payfare

Canada

Founded in

01 Jan 2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

Reviews

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.