Milwaukee, Wis.-based Fiserv, which trades on the New York Stock Exchange, will pay $4 in cash per share of Payfare, which trades on the Toronto Stock Exchange. The firms expect the deal to close in the first half of 2025, if it receives shareholder and regulatory approvals. (The Logic)

Talking point: Payfare is the latest in a long line of technology firms to leave Canadian public markets in acquisition or go-private deals over the last year and a half. The Toronto-based company went public in March 2021, and this September launched a strategic review to consider options including acquisitions or a sale. Payfare—which provides gig workers with faster payouts from on-demand apps like Uber and DoorDash—is profitable and growing revenue. But its shares have traded well below their initial public offering price in recent months. On Monday, its stock rose as high as $3.85, up 82 per cent. Fiserv’s share price was largely unchanged.