January 21, 2018 5:52 PM ET

IT Services

Company Overview of DailyPay, Inc.

Company Overview

DailyPay, Inc. develops a platform that provides next day payments for employees and contractors. It offers solutions for enterprises, drivers, and restaurants. The company was founded in 2015 and is based in New York, New York.

48 Wall Street

5th Floor

New York, NY 10005

United States

Founded in 2015

Phone:

888-991-3646

Fax:

646-787-9426

Key Executives for DailyPay, Inc.

DailyPay, Inc. does not have any Key Executives recorded.

DailyPay, Inc. Key Developments

DailyPay Announces National Partnership with The Maids

DailyPay announced a national partnership with The Maids. Through this partnership, employees of The Maids now have the ability to receive their wages instantly through DailyPay. After cleaning any of the 1 million homes The Maids services annually, an employee can immediately receive his or her earned but unpaid wages. Together, DailyPay and The Maids are combating the financial burden caused by the delay that arises from weekly or bi-weekly pay schedules. DailyPay also unveiled its updated technology platform that could empower as many as 78 million hourly workers – which accounts for 59% of the American workforce – to now receive instant daily payouts. The company has developed new proprietary technology that operates outside of the ACH network. The ACH network is how banks typically send money to each other and comes with the limitations of operating only on business days and with rigid cutoff times.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 6, 2017
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