Payfare Inc. Reports Record Growth in 2023
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Payfare Inc. Reports Record Growth in 2023

Payfare, Inc. (TSE:PAY) has released an update.

Payfare Inc. has reported a significant surge in its unaudited financial performance for Q4 and the full year of 2023, showcasing a record $50 million in quarterly revenue, a 33% increase in active users, and a strong close with a net income of $13.1 million for the year. This marks a substantial year-over-year growth, with a noteworthy 43% rise in annual revenue and a 547% increase in net income compared to 2022. These robust results highlight Payfare’s expanding market presence and financial strength in the digital banking and instant payout sectors.

For further insights into TSE:PAY stock, check out TipRanks’ Stock Analysis page.

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