Toronto FinTech startup Payfare files to go public on Toronto Stock Exchange Toronto-based startup Payfare, which offers FinTech software for gig economy workers and employers, has filed to go public on the Toronto Stock Exchange (TSX) via an initial public offering (IPO). Payfare filed its preliminary prospectus on Monday, as first reported by The Logic. According to the prospectus, reviewed by BetaKit, the offering price of the transaction is yet to be determined. The startup’s software is used by several companies considered to be titans of the gig economy, including Uber, Lyft, and DoorDash. The startup noted in the prospectus it is looking to go public in order to strengthen its available capital resources and create a public market to assist Payfare in executing its growth. Specifically, the startup said it intends to use approximately $21 million of the proceeds to repay its short-term debt obligations. The remainder will be put towards Payfare’s growth.