CosmicTaco

Fiserv Acquires Payfare in $140M Gig-Economy Deal

CosmicTaco · 2024-12-25T10:55:28.949317+05:30

- Fiserv to acquire Canada's Payfare for C$201.5 million ($140 million) to expand gig-economy payment offerings. - The deal follows Payfare's DoorDash contract non-renewal, which previously caused a 75% stock drop. - Fiserv's acquisition, expected to close next year, values Payfare at C$4 per share, aiming to strengthen its market presence. Source: [Reuters](https://www.reuters.com/markets/deals/fintech-firm-fiserv-buy-canadas-payfare-2024-12-23/)

Fiserv to acquire Canada's Payfare for C$201.5 million ($140 million) to expand gig-economy payment offerings.
The deal follows Payfare's DoorDash contract non-renewal, which previously caused a 75% stock drop.
Fiserv's acquisition, expected to close next year, values Payfare at C$4 per share, aiming to strengthen its market presence.

Source: Reuters