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For innovative companies of scale, DailyPay is the leading no-cost, on-demand pay experience platform. DailyPay delivers the most transparent, compliant, and seamless integration with existing payroll systems. Employers who offer DailyPay can reduce costs substantially by out-hiring the market and keeping employees longer, because employees with financial peace of mind are happier, more productive, and have stronger relationships with their employers. The senior management team at DailyPay spent years at AOL, Goldman Sachs, and LendingHome. DailyPay is backed by leading venture capital firms and world class strategic investors. The Company is headquartered in New York.Learn more about how you can offer DailyPay to your employees at no cost to your company.
DailyPay offers an online payday credit platform for salaried individuals, employers, and employees. It provides them with the facility to avail the early-pay facility in order to meet their expense requirement and control when they get paid for their work.
The company's platform converts the employees' pay to hourly basis and for each active work hour they build an available balance. The users can transfer the earnings instantly into their account. It allows allows the companies to offer their employees access to pay after every working hour. The transfers are deducted automatically after full paycheck is received.
Ron Munkittrick (CFO)
The company will use the funds to accelerate the deployment of the company's leading-edge financial wellness support services among mid-cap and enterprise companies in several industries. (Feb. 2018)
$1M to $10M
SERIES A · --- · Aug 2016
SERIES B · --- · Jun 2018
SERIES C · --- · Dec 2019
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