DailyPay Inc.
Financial Services
DailyPay is a prominent provider of on-demand pay services, enabling employees to access their earned wages before the scheduled payday. This financial solution enhances workforce management by significantly boosting recruitment, retention, and employee satisfaction through innovative earned wage access (EWA) technology. Trusted by leading companies across various industries, DailyPay strives to improve financial wellness and productivity within workplaces.
Founded: 2015
Jason Lee Co-Founder, CEO |
Rob Law Co-Founder, CTO |
Scot Parnell CFO |
Jeanniey Mullen CIMO |
Vladimir Kleyman General Counsel |
A worker claims that she’s only getting a fraction of what she’s earned on payday via a “daily pay” payment system, and others with knowledge of the payment system are claiming that it’s a “trap.”
DailyPay announced that Kevin Coop has been named Chief Executive Officer. He will join the Board of Directors and lead operations. Coop brings three decades of experience running operations, driving growth and sustaining profitability at companies of various sizes and stages. Most recently, Coop served as President of North America at Dun & Bradstreet, where he was responsible for profitability and growth of North America across all product lines and businesses.
DailyPay partnered with Quinyx, an AI-driven workforce management company, to help businesses better engage their frontline employees. The collaboration will integrate DailyPay’s earned wage access with Quinyx’s “optimized” scheduling system.
UBS Arena, home of the New York Islanders, has partnered with DailyPay, providing the essential financial wellness benefit of on-demand pay to UBS Arena employees. As part of the agreement, DailyPay will be designated as the official 'On-Demand Pay Partner' of UBS Arena and the New York Islanders. This partnership is made possible through DailyPay's collaboration with Oak View Group (OVG).
DailyPay, Inc., a solutions provider in on-demand pay of earned wages announced that it has achieved Workday Certified Integration status.
DailyPay, a leading financial technology company, today announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan funding from SVB Capital and a fund managed by Neuberger Berman.
On-demand payment companies let you decide when you’re paid.