DailyPay
DailyPay, founded in 2015 and headquartered in New York City, provides on-demand pay and financial wellness benefits, integrating with employers' payroll and HR systems to give employees access to pay as they earn it.
DailyPay, founded in 2015 by Jason Lee and Rob Law, provides on-demand pay and financial wellness benefits to American workers. Its platform integrates with employers' payroll, HR and time management systems, allowing employees to track their hours, transfer wages as they earn them, save and manage their finances from a single mobile app. The company is headquartered in New York City, with operations in Belfast and throughout the United States.
The DailyPay On-Demand Pay Platform is integrated with more than 180 Human Capital Management, payroll and time management systems. Alongside the core platform, the company offers the DailyPay Visa Prepaid Card, Savings Jars for goal-based saving within the app, and curated discounts on everyday expenses. Technical work spans earned wage access, fintech and payments, payroll and HR/HCM systems integration, mobile applications and prepaid card technology.
DailyPay works with over 1,000 employer clients, including Fortune 500 companies and leading employers, and reports millions of users nationwide. The company describes itself as the industry leader in on-demand pay and the most adopted financial wellness benefit, and was named one of TIME magazine's Best Inventions of 2021. It has raised significant venture funding, reached unicorn status and achieved profitability.
The company's stated focus is on giving workers greater control over their financial lives and reducing reliance on predatory lending, with benefits accruing to employers through improved recruitment, retention and productivity. Its work has been featured in The New York Times, Forbes, CNBC and The Wall Street Journal.