Full-Time
Provides daily access to earned wages
$201k - $286k/yr
Expert
New York, NY, USA
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DailyPay provides a service that allows employees to access their earned wages on a daily basis instead of waiting for traditional pay periods like bi-weekly or monthly. This system works by partnering with businesses, which pay a fee to offer their employees the option of on-demand pay. By giving employees the ability to access their wages as they earn them, DailyPay helps improve financial control and flexibility for workers. This service has been shown to increase employee retention and engagement, with employees reportedly spending an average of 27% more time on the job. DailyPay primarily serves industries with high turnover rates, such as healthcare, retail, and restaurants, where it can significantly reduce turnover costs and improve employee satisfaction. The goal of DailyPay is to enhance employee benefits and promote financial wellness, ultimately helping businesses retain their workforce.
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$1.4B
Headquarters
New York City, New York
Founded
2016
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Competitive Pay
Stock Options
401(K) with 4% match
Unlimited PTO
Medical, Dental & Vision Plans
Daily Seamless Credit
Free LinkedIn Learning
Annual Learning Stipend
DailyPay for DailyPay
The New York State Attorney General sued earned wage access providers DailyPay and MoneyLion on Monday (April 14), accusing them of illegal and deceptive conduct and abusive lending practices. The lawsuits allege that the companies’ services are payday loans and that the fees the companies charge on these short-term loans can amount to annual interest rates of as much as 750%, according to a Monday press release. They also allege that the lenders use abusive tactics to push borrowers to take out new loans to cover gaps created by earlier ones, per the release
New, independent research from the University of Connecticut, commissioned by DailyPay, illustrates the negative impact on Connecticut workers from the state’s January 2024 decision limiting their ability to instantly access their earned but unpaid wages. The research highlights the results of a survey, conducted in February and March 2025, following a measure by the state legislature that effectively shut down Earned Wage Access (EWA) services that had been available to workers in Connecticut for nearly a decade.Over two-thirds (67%) of the survey respondents stated that prior to the shutdown, EWA had positively impacted their financial situation. The new research shows that at that time, EWA users were primarily using their earned wages to pay for food or groceries (85%), transportation or gas (63%), and rent or mortgage (59%). Additionally, most of the respondents in the sample were women (64%), the majority of whom have children in the home, and who the research describes as being credit-constrained and living paycheck-to-paycheck.As a result, the EWA shutdown had negative impacts on this population. The UConn research finds that working families in Connecticut went without what they needed (36%) or relied on more expensive methods — including using a credit card (26%) — or borrowed from friends and family (31%) to afford necessities. Unfortunately, some were even driven to sell items of value (14%), while others turned to pawning items (8%) and taking out payday loans (6%)
DailyPay, a worktech company and leading provider of on-demand pay, continues to prioritize the growth and expansion of its platform to meet the needs of its millions of workers nationwide. DailyPay has renewed its partnership with the Coordinated Assistance Network (CAN), which offers access to free financial coaching for millions of DailyPay users to support their understanding of basic money management and wealth-building strategies.DailyPay’s partnership with the CAN is yet another example of the continued growth of DailyPay’s worktech platform. The array of products and solutions on the platform range from credit health to savings features, anchored by the company’s signature on-demand pay solution. DailyPay’s platform is offered by many of the world’s leading employers to their millions of workers as a financial wellness benefit.Research conducted on behalf of DailyPay shows that employees who leveraged DailyPay were better positioned to pay bills on time, avoid late fees, and avoid accumulating credit card debt. The data shows that 69% of DailyPay users who previously paid late fees did this less often or stopped completely since they started using DailyPay. In addition, 62% of users who previously incurred credit card interest charges did this less often or stopped completely since they started using DailyPay.“DailyPay is relentlessly focused on serving the needs of workers by offering products and solutions such as free financial coaching that helps workers optimize their time, maximize their pay and build a stronger financial future,” said Jack Rubin, SVP, Consumer Financial Solutions at DailyPay.Established in 2011, the Coordinated Assistance Network (CAN) was founded by Army Veteran John Pickens and Christopher Fitzpatrick and has created impactful support initiatives that connect low-to-moderate income communities to jobs, education, housing, and a more economically secure and equitable future
Earned wage access company DailyPay has sued New York Attorney General Letitia James. The company’s suit, filed Monday (April 7), is aimed at stopping what DailyPay says is an attempt by James to block on-demand pay via New York’s usury laws. Those laws, the company said in a news release provided to PYMNTS, do not apply to its business. “It’s disappointing that the Attorney General’s office decided to preempt the bill pending in the state legislature and attempt to take this valuable service away from NY residents,” said Jared DeMatteis, DailyPay’s chief legal and strategy officer
As a preferred vendor, information and access to DailyPay is offered at the PIFA Member Meeting, through the PIFA Preferred Vendor Directory, the PIFA News magazine and through the PIFA Franchisee Directory.