Payfare Inc. (TSX:PAY), a company powering instant access to earnings and digital banking solutions for workforces, has announced that its Board of Directors has initiated, with the assistance of outside legal and financial advisors, a comprehensive and thorough strategic review process.

This review process will assess strategic alternatives that may include, but are not limited to strategic partnerships, strategic investments, accretive acquisitions, a potential sale, merger or other business combination.

In conducting the strategic review, the company’s Board and management team are committed to acting in the best interests of the company, its shareholders and its stakeholders. There can be no assurances that the strategic review will result in any specific transaction or outcome.

The Board has engaged Keefe, Bruyette & Woods Inc. (KBW) as financial advisor to assist with the strategic review process.