On December 23, 2024, Fiserv, Inc. agreed to acquire Payfare Inc. for CA$201.5 million in cash, offering CA$4.00 per share—a 90% premium to its December 20 closing price. The deal was approved unanimously by Payfare’s board and supported by key shareholders. Keefe, Bruyette & Woods and Blair Franklin Capital Partners acted as financial advisors, with Borden Ladner Gervais LLP and Dentons advising Payfare, and Blake, Cassels & Graydon LLP and Foley & Lardner LLP advising Fiserv.

The transaction, subject to customary approvals, is expected to close in the first half of 2025.