Fiserv bets on gig-economy payments with $140 million deal for Canada's Payfare [Yahoo! Finance]
Fiserv, Inc. (FI)
Last fiserv, inc. earnings: 2/25 07:00 am
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Source: Yahoo! Finance
as it looks to expand payments offerings for gig-economy workers, the companies said on Monday. The transaction, expected to close in the first half of 2025, comes months after Payfare began a strategic review of its business, and values its stock at a 90% premium to last closing price. The deal will allow Fiserv to expand its footprint in a fast-growing market. Gig-economy workers often access funds provided by such digital banking platforms to tide them over during unforeseen financial emergencies, especially if they lack enough savings. The acquisition could also mark one of the final undertakings by Fiserv CEO Frank Bisignano, who has been picked by President-elect Donald Trump to head the Social Security Administration. Payfare's partners include some of the most recognizable gig-economy platforms such as online delivery company DoorDash and ride-hailing firms Uber and Lyft. The number of transactions processed by fintech providers that, in partnership with employers, a
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News
- Fiserv, Inc. (NYSE: FI) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $255.00 price target on the stock.MarketBeat
- Fiserv (NYSE:FI) shareholders have earned a 25% CAGR over the last three years [Yahoo! Finance]Yahoo! Finance
- Pagaya Announces Appointment of Two Fintech Veterans as Independent Directors to its Board [Yahoo! Finance]Yahoo! Finance
- U.S. fintech company Fiserv to buy Canada's Payfare [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Fintech firm Fiserv to buy Canada's Payfare [Yahoo! Finance Canada]Yahoo! Finance Canada
FI
Earnings
- 10/22/24 - Beat
FI
Sec Filings
- 1/2/25 - Form 4
- 1/2/25 - Form 4
- 1/2/25 - Form 4
- FI's page on the SEC website