Payfare (TSE:PAY) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Payfare Inc., a leader in digital banking and instant earnings access, has announced the non-renewal of its pivotal DasherDirect card program agreement with DoorDash, which will significantly affect its revenue projections for 2024. Despite this setback, Payfare is optimistic about its growth prospects with ongoing and new Earned Wage Access programs in various sectors, backed by over $100 million in capital. Additionally, the company acknowledges the resignation of board director Mr. Hugo Chan due to personal reasons.
For further insights into TSE:PAY stock, check out TipRanks’ Stock Analysis page.
