DailyPay
Founded Year
2016Stage
Line of Credit - II | AliveTotal Raised
$817.5MValuation
$0000Last Raised
$300M | 10 mos agoAbout DailyPay
DailyPay provides employees with real-time access to earned wages across a wide range of industries, including cleaning, healthcare, retail, transportation, and more. With DailyPay, employees can pay bills on time and avoid late fees, helping them reach their financial goals. The company was founded in 2016 and is based in New York, New York.
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.
Payroll software providers offer broad solutions for companies to administer payroll programs, processes, and enhancements. Use cases range from core payroll administration, which ensure employees receive their paychecks at regularly scheduled intervals, to earned wage access, which enable employees to access their to-date earnings before their scheduled pay day.
DailyPay named as Leader among 13 other companies, including Gusto, Branch, and Freshbooks.
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DailyPay's Products & Differentiators
The DailyPay Wallet solution
The DailyPay wallet solution (formerly called the PayEx® platform) creates a frictionless personal finance experience by connecting to over 6,000 financial institutions supporting any bank account, debit card or prepaid card.
Research containing DailyPay
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned DailyPay in 3 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 2022
Expert 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 10 Expert Collections, including HR Tech.
HR Tech
4,018 items
HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.
Unicorns- Billion Dollar Startups
1,203 items
Digital Lending
1,785 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
2,559 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - 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 2 patents.
The 3 most popular patent topics include:
- Classification algorithms
- Data management
- Machine learning
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/13/2021 | 9/13/2022 | Machine learning, Web frameworks, Software architecture, Data management, Classification algorithms | Grant |
Application Date | 8/13/2021 |
|---|---|
Grant Date | 9/13/2022 |
Title | |
Related Topics | Machine learning, Web frameworks, Software architecture, Data management, Classification algorithms |
Status | Grant |
Latest DailyPay News
Dec 20, 2022
DailyPay partners with leading employers to offer our services as a benefit to employees, which keeps them more engaged at work... The post An Interview With Kevin Coop, Chief Executive Officer At DailyPay appeared first on Tech Company News.
DailyPay Frequently Asked Questions (FAQ)
When was DailyPay founded?
DailyPay was founded in 2016.
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 - II.
How much did DailyPay raise?
DailyPay raised a total of $817.5M.
Who are the investors of DailyPay?
Investors of DailyPay include Barclays Bank, RPM Ventures, Carrick Capital Partners, Paycheck Protection Program, Inspiration Ventures and 6 more.
Who are DailyPay's competitors?
Competitors of DailyPay include Minu, Paywatch, CloudPay, Immediate, ZayZoon, Tapcheck, QRails, Freshbooks, Gusto, Paidiem and 20 more.
What products does DailyPay offer?
DailyPay's products include The DailyPay Wallet solution and 3 more.
Compare DailyPay to Competitors
PayActiv is a holistic financial wellness platform for employees to get on-demand access to earned but unpaid wages. The company also offers a suite of services that include banking products, savings and budgeting tools, bill payment and financial health measurement.
Earnin sells a service that lets customers get paid for the hours they work, without charging any interest on the payments that clients receive. Users simply take a picture of their time sheet and specify how much money they would like to get paid from their earnings up to that point in the pay cycle.
Branch is a business payment acceleration firm that offers digital payouts of tips, wages, and off-cycle payments, earned wage access, fee-free banking, and pay card alternatives. It also offers back contractor payments and reporting, allowing customers to automate processes, reduce payroll costs, support independent contractors with free financial services, and remove cash flow concerns.
Wagestream is an employee financial wellness platform that allows workers to access earned income at any time during the monthly pay cycle without impacting cash flow, payroll, or timekeeping processes. It was founded in 2018 and is based in London, England.
Refyne is an earned wage access platform that empowers full-time and contracted employees with real-time access to pay.
Immediate provides a financial wellness solution that delivers on-demand access to earned wages to help businesses recruit, engage, and retain employees. Employees utilize their existing time-tracking management software that updates Immediate in real-time of hours worked and wages earned to allow them to transfer those earnings to a bank account or loadable debit card. The company was founded in 2019 and is based in Birmingham, Alabama.
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