News

After IPO, gig-work fintech Payfare targets ambitious expansion

A Toronto fintech offering bank accounts that get gig workers paid faster plans to use the money from its “massively oversubscribed” initial public offering to fund ambitious expansion plans, with one pilot already underway.

“It’s not just large workforces that represent the gig economy [that] we would target,” said Marco Margiotta, chief executive officer at Payfare, in an interview with The Logic. “There’s other areas of opportunity where our same business model can be applied.”

    Subscribe now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    Briefing

    Canada joins Biden’s new Americas Partnership for Economic Prosperity

    Japan, Netherlands to limit exports of chip-making machinery to China

    Shopify CTO to exit as Lütke takes over R&D

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited