Q: Just noticed payfare. Sounds interesting. What's your take on it?
5i Research Answer:
Payfare offers banking and payment solutions to the 'gig economy' and partners with companies such as Uber and Doordash. The company has recently flipped to profits (end of 2022) and revenues are expected to grow in the 30% range for the next two years. No debt on the balance sheet with $56 mln in cash and insiders own roughly 10% of shares. PAY trades at 10X forward earnings and we thnk there is lots to like here.