DailyPay provides earned wage access, letting employees access money they've already earned on a daily basis instead of waiting for a scheduled payday. Employers partner with DailyPay; via payroll integrations, employees request immediate payment of earned wages, which DailyPay funds and the employer pays a service fee. The platform uses payroll and time data to determine earned but unpaid wages and delivers the funds through a digital interface. Its goal is to improve employee financial wellness and retention by making payroll more flexible, with particular applicability to healthcare, retail, and restaurant sectors.
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$2.2B
Headquarters
New York City, New York
Founded
2016
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