DailyPay, Inc.

lendingonline loanspayday loans

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 19/01/2021

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About

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.

MEDICI Analysis

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.

Focus

PRODUCTS & SERVICES

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.

People

FOUNDERS

Robert Law

BOARD MEMBERS AND ADVISORS

Adam Boyden

Randy Nicolau

Donna Hamlin

Jason Lee

Rob Law

Gady Nemirovsky

Andy Sessions

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Fin Venture Capital

FinSight Ventures

Frontier Venture Capital

Inspiration Ventures

Intercept Ventures

PROOF.VC

RPM Ventures

Wavemaker Partners

KEY EMPLOYEES:

Ron Munkittrick (CFO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

4

DATE OF LAST FUNDING

Dec 2019

IPO STATUS

Private

TOTAL FUNDING COMMENT

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)

ESTIMETED REVENUE RANGE

$1M to $10M

SEED CLOSED ON

Oct 2015

FUNDING SERIES

SERIES A  · ---  · Aug 2016

SERIES B  · ---  · Jun 2018

SERIES C  · ---  · Dec 2019

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,421,428

AVERAGE VISITS (6 MONTHS)

1,364,802.43

MONTHLY VISITS GROWTH

16.48%

VISIT DURATION

542

VISIT DURATION GROWTH

238.24%

PAGE VIEWS VISIT

4.8

PAGE VIEWS VISIT GROWTH

21.34%

BOUNCE RATE

30.72%

BOUNCE RATE GROWTH

2.76%

GLOBAL TRAFFIC RANK

32,949

MONTHLY RANK CHANGE

-13,245

MONTHLY RANK GROWTH

-28.67%

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