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.”