DailyPay, LLC.

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DailyPay, LLC. - overview

Established

2015

Location

New York, NY, US

Primary Industry

Financial Services

About

DailyPay, Inc. is a U. S. -based financial technology company that provides an On-Demand Pay platform, enabling employees to access their wages before the scheduled payday, thereby enhancing financial flexibility.


DailyPay, Inc. was founded in 2015 in New York, US, and specializes in offering earned wage access (EWA) services to employees. The company has completed 15 deals, with the most recent funding round occurring on July 1, 2025, raising USD 200 mn. Jason Lee serves as the CEO and founder, leading the firm through its strategic initiatives and growth phases.


DailyPay offers an industry-leading On-Demand Pay platform that provides employees with access to their earned wages before the scheduled payday. This service enhances financial management for employees by allowing real-time expense control. The platform integrates with over 180 human capital management (HCM), payroll, and time management systems, catering to diverse industries, including healthcare, retail, hospitality, and manufacturing, primarily targeting organizations with fewer than 500 employees. Services are mainly available in the United States to improve employee recruitment, retention, and engagement through financial wellness solutions.


DailyPay generates revenue by partnering with businesses that adopt its On-Demand Pay services. The company earns income through transaction fees charged to employers when employees access their earned pay early. Additionally, DailyPay offers the DailyPay Visa® Prepaid Card to help employees manage their wages effectively, aligning its financial structure with employer payroll processes to minimize disruptions while providing valuable services to employees. In July 2025, DailyPay, Inc.


raised USD 200 mn in venture funding, which will be utilized to broaden access to its on-demand pay services, foster partnerships with employers, and strengthen its capital structure for sustained growth. Future plans include introducing new products designed to enhance the user experience and expanding into additional markets, increasing accessibility to its services to more businesses across the United States. In February 2026, DailyPay, Inc. raised USD 200 million in venture debt funding from unspecified investors.


Current Investors

Frontier Venture Capital, RPM Ventures, Inspiration Ventures

Primary Industry

Financial Services

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.dailypay.com/

Verticals

Cloud Computing, FinTech, Mobile Apps

Company Stage

Series D

Total Amount Raised

Subscriber access only

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