DailyPay
Founded Year
2015Stage
Line of Credit - V | AliveTotal Raised
$1.353BValuation
$0000Last Raised
$100M | 4 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+86 points in the past 30 days
About DailyPay
DailyPay specializes in providing an on-demand pay platform within the financial services sector. Their main offering is an earned wage access platform that allows employees to receive their earned pay before the traditional payday, aiming to improve financial wellness and support employee engagement. DailyPay's platform integrates with existing payroll systems, offering additional features such as real-time cash rewards, digital tip access, and the ability to disburse off-cycle pay. It was founded in 2015 and is based in New York, New York.
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DailyPay's Product Videos
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ESPs containing DailyPay
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The earned wage access (EWA) platforms market aims to solve the problem of people having to wait 2-4 weeks for their pay, which can lead to financial stress and reliance on high-cost credit options. EWA platforms allow employees to access their earned pay as they go, improving employee wellbeing and reducing turnover. These platforms sometimes also offer additional financial wellness services, suc…
DailyPay named as Leader among 15 other companies, including Automatic Data Processing, Dayforce, and Wagestream.
DailyPay's Products & Differentiators
DailyPay
DailyPay partners with America’s largest employers to offer the financial wellness benefit of earned wage access to millions of workers nationwide. With the employer-sponsored benefit, employees are empowered with choice and control over their earned pay to pay bills, spend, save, or invest on their own schedule. DailyPay is on a mission to provide financial equity and inclusion for millions of workers nationwide.
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Research containing DailyPay
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned DailyPay in 2 CB Insights research briefs, most recently on Mar 30, 2022.
Mar 30, 2022
140+ startups shaping the digital lending space
Mar 15, 2022 report
The Retail Tech 100: The top retail tech companies of 2022Expert Collections containing DailyPay
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
DailyPay is included in 11 Expert Collections, including HR Tech.
HR Tech
5,910 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Unicorns- Billion Dollar Startups
1,257 items
Digital Lending
2,334 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Gig Economy Value Chain
155 items
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
Payments
3,082 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Financial Wellness
245 items
Track startups and capture company information and workflow.
DailyPay Patents
DailyPay has filed 3 patents.
The 3 most popular patent topics include:
- classification algorithms
- data management
- machine learning
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/30/2022 | 2/20/2024 | Grant |
Application Date | 8/30/2022 |
|---|---|
Grant Date | 2/20/2024 |
Title | |
Related Topics | |
Status | Grant |
Latest DailyPay News
Jan 14, 2025
Share this post: Eminence Home Care , a leading home healthcare agency, has partnered with DailyPay to offer its employees the financial wellness benefit of earned wage access. By offering the benefit, Eminence Home Care is empowering its caregivers with choice and control over their earnings to pay bills, spend, save, or invest on their own schedule. The implementation of DailyPay as part of employee benefits has been shown to positively impact financial habits and work productivity in healthcare workers. According to research from Arizent/Employee Benefits News, 73% of healthcare workers report that earned wage access helps them feel more confident managing their finances, and 48% say it makes them feel more motivated at work. Serving patients across New Hampshire, Maryland, Connecticut, New Jersey, and Pennsylvania, Eminence Home Care has been delivering home care solutions for over two decades. This partnership reflects Eminence Home Care’s ongoing commitment to enhancing employee benefits, supporting financial wellness, and bolstering recruitment and retention efforts. “At Eminence Home Care, we pride ourselves on providing the best tools for our employees,” says Greg Crawford, VP of Operations at Eminence Home Care. “We all know at any point in time we may come across certain financial hardships, and being able to provide a tool like DailyPay that aids the relief of financial hardships to our employees is something that gives us a great feeling as a company.” Companies In This Post News News Funding News News
DailyPay Frequently Asked Questions (FAQ)
When was DailyPay founded?
DailyPay was founded in 2015.
Where is DailyPay's headquarters?
DailyPay's headquarters is located at 55 Water Street, New York.
What is DailyPay's latest funding round?
DailyPay's latest funding round is Line of Credit - V.
How much did DailyPay raise?
DailyPay raised a total of $1.353B.
Who are the investors of DailyPay?
Investors of DailyPay include Citibank, Carrick Capital Partners, Barclays Bank, TPG Angelo Gordon, SVB Capital and 12 more.
Who are DailyPay's competitors?
Competitors of DailyPay include Paywatch, Wagestream, ZayZoon, Rain, Immediate and 7 more.
What products does DailyPay offer?
DailyPay's products include DailyPay and 2 more.
Who are DailyPay's customers?
Customers of DailyPay include Hilton, Kroger, Target, HCA Healthcare and Aramark.
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Compare DailyPay to Competitors
PayActiv is a financial wellness company that provides a platform for earned-wage access and financial services. The company offers solutions that allow employees to access their earned wages before payday, along with tools for budgeting, savings, and financial counseling. PayActiv primarily serves various sectors, including retail, healthcare, and hospitality industries. It was founded in 2012 and is based in San Jose, California.
EarnIn operates as a financial technology company and specializes in earned wage access services. The company provides a platform for users to access their earned wages in real-time, along with credit monitoring, automated savings, and low-balance protection, without mandatory fees or interest charges. EarnIn primarily serves individuals seeking greater financial flexibility and control over their earnings. EarnIn was formerly known as ActiveHours. It was founded in 2012 and is based in Palo Alto, California.
Immediate is a financial wellness company that specializes in providing on-demand access to earned wages for employees in various sectors. The company's main offerings include a platform that integrates with major payroll systems to allow employees to access their earned wages in real time, helping to alleviate financial stress and reduce reliance on alternative lending. Immediate primarily serves businesses looking to enhance their employee benefits package with financial wellness solutions. It was founded in 2019 and is based in Birmingham, Alabama.
ZayZoon is a financial empowerment platform that focuses on improving the financial wellbeing of employees within small and medium-sized businesses. The company offers Earned Wage Access, allowing employees to receive a portion of their earned wages before their scheduled payday, and a suite of financial wellness tools designed to educate and improve employees' financial health. ZayZoon's services are primarily utilized by businesses looking to enhance employee benefits, reduce financial stress, and improve retention and productivity. It was founded in 2014 and is based in Calgary, Canada.
Branch specializes in providing payment solutions for the workforce across various industries. Its services include offering businesses the ability to pay their workers through direct deposits, cashless tips, and earned wage access, as well as providing financial wellness tools for employees. Branch primarily serves sectors such as healthcare, hospitality, logistics, gig platforms, and business services. Branch was formerly known as Branch Messenger. It was founded in 2015 and is based in Golden Valley, Minnesota.
Paymenow is a financial wellness and inclusion platform that specializes in providing Earned Wage Access (EWA) services. The company offers a solution that allows employees to access a portion of their earned wages in real-time before their scheduled payday, aiming to alleviate financial stress and reduce reliance on costly loans. Paymenow also emphasizes responsible financial behavior by integrating financial education into its platform, offering tiered access to wages based on the completion of educational modules. It was founded in 2019 and is based in Stellenbosch, South Africa.
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