Search company, investor...

Founded Year

2015

Stage

Loan - II | Alive

Total Raised

$1.078B

Valuation

$0000 

Last Raised

$100M | 10 mos ago

About DailyPay

DailyPay provides a payroll management platform. It offers services to employees for paying bills on time and avoiding late fees, helping them reach financial goals. The company allows employees access to manage wages across a wide range of industries, including cleaning, healthcare, retail, transportation, and more. It was formally known as Beach HoldCo. It was founded in 2015 and is based in New York, New York.

Headquarters Location

55 Water Street

New York, New York, 10004,

United States

855-481-3596

Loading...

DailyPay's Product Videos

ESPs containing DailyPay

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / HR Tech

The payroll software market offers a range of solutions for businesses to manage their payroll, HR, and employee benefits. These solutions aim to simplify the complex task of paying employees while ensuring compliance with tax laws and regulations. The market includes vendors that offer all-in-one HR platforms, earned wage access technology, unified payroll solutions for global companies, and APIs…

DailyPay named as Leader among 15 other companies, including Gusto, FreshBooks, and Justworks.

DailyPay's Products & Differentiators

    DailyPay

Loading...

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.

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 11 Expert Collections, including HR Tech.

H

HR Tech

4,168 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.

U

Unicorns- Billion Dollar Startups

1,228 items

D

Digital Lending

2,171 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.

G

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

P

Payments

2,780 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.

F

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
patents chart

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

The Majority of Quick Service Restaurant Employees are Stressed About Their Finances

Nov 29, 2023

News Provided By Share This Article New Study From YouGov and DailyPay Reveals the Economic Challenges Facing QSR Employees During These Uncertain Economic Times Earned Wage Access has proven to be an important component of the financial wellness package for leading QSR employers, helping to drive new applicants and provide a competitive edge in recruiting,” — Ed Zaval, Chief Customer Officer, DailyPay. NEW YORK, NEW YORK, UNITED STATES, November 29, 2023 / EINPresswire.com / -- Two-thirds (66%) of quick-service and fast-casual restaurant industry employees are at least somewhat stressed about their finances, according to a new independent study conducted by YouGov , commissioned by DailyPay . The research, which surveyed quick service restaurant (QSR) and fast-casual restaurant employees, indicates that the majority believe financial stress has had at least somewhat of a negative impact on their emotional well-being (72%), mental health (70%), physical health (64%), job satisfaction (58%), job performance (39%) and attendance (34%). Adding to that stress, having cash on hand is an issue for most. Seventy-two percent of industry employees are at least occasionally short on cash, with over one-third (35%) frequently or very frequently short on cash. However, in a sign of optimism, nearly half (45%) of those surveyed feel better financially compared to a year ago. With hopes of their economic situation improving, only 14% expect to be in a financially worse situation a year from now. The employer-sponsored financial wellness benefit of earned wage access can be helpful with personal financial challenges, according to the survey. Over seven in 10 (72%) say the concept of earned wage access is somewhat or very appealing, with 56% saying getting paid more frequently at work than they currently do would be “very” or “extremely” beneficial to them. The survey of QSR and fast-casual restaurant employees also noted that about half (49%) would be very or somewhat likely to consider leaving their current employer for another employer that offers earned wage access, with 42% saying on-demand pay would be extremely or very important when looking for a new job. “Earned Wage Access has proven to be an important component of the financial wellness package for leading QSR employers, helping to drive new applicants and provide a competitive edge in recruiting,” said Ed Zaval, Chief Customer Officer, DailyPay. “This new research confirms that during these challenging economic times, EWA can be beneficial in helping employees make ends meet.” Methodology YouGov conducted a 10-minute online survey on behalf of DailyPay, surveying 688 quick-service and fast-casual restaurant employees (e.g. cashiers, cooks, kitchen staff, counter staff, delivery staff, servers and drive-thru attendants) in September and October 2023. David Schwarz

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 Loan - II.

  • How much did DailyPay raise?

    DailyPay raised a total of $1.078B.

  • Who are the investors of DailyPay?

    Investors of DailyPay include Barclays Bank, Neuberger Berman, SVB Capital, Angelo Gordon, RPM Ventures and 11 more.

  • Who are DailyPay's competitors?

    Competitors of DailyPay include ZayZoon, Immediate, Instant Financial, Clair, Tapcheck and 7 more.

  • What products does DailyPay offer?

    DailyPay's products include DailyPay and 3 more.

Loading...

Compare DailyPay to Competitors

PayActiv Logo
PayActiv

PayActiv provides a financial wellness platform. The company offers a suite of services that include banking products, savings and budgeting tools, bill payments, and financial health measurements. It was founded in 2012 and is based in San Jose, California.

EarnIn Logo
EarnIn

EarnIn operates as a financial technology company. It provides a platform that lets customers get paid for their working hours, without charging any interest on the payments that clients receive. The company was formerly as ActiveHours. It was founded in 2012 and is based in Palo Alto, California.

Branch Logo
Branch

Branch operates as a business payment acceleration company. It offers digital payouts of tips, wages, and off-cycle payments, earned wage access, fee-free banking, and pay card alternatives. The company was founded in 2015 and is based in Golden Valley, Minnesota.

Wagestream Logo
Wagestream

Wagestream operates as an employee financial wellness platform. It allows workers to access earned income at any time during the monthly pay cycle without impacting cash flow, payroll, or timekeeping processes. It was formerly known as Paydays Technology. The company was founded in 2018 and is based in London, United Kingdom.

I
Immediate

Immediate is a financial wellness company. It provides financial wellness solutions that helps businesses to recruit, engage, and retain employees. It allows mployees to utilize their existing time through a time tracking management software that updates worked and wages earned and allows 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.

Tapcheck Logo
Tapcheck

Tapcheck provides a financial wellness platform for employees that promotes both employee and employer financial well-being. It assists businesses all around the country in promoting financial wellness and improving business success by allowing employees to access earned wages. The company was founded in 2019 and is based in Tarzana, California.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.