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DailyPay was founded in 2015 by Jason Lee and Rob Law.[4] The company partners with employers to offer the financial wellness benefit of earned access wages to their employees. The service is often used by companies with hourly workers to help them live a better financial life and stay out of debt..

Employees who use the service are charged a fee to access their pay immediately or access it for free within 1-2 business days. The service also allows users to check their balances and track earned wages through their employers. In September 2016, the company raised $5 million in financing during its Series A Round.[9][10] In February 2018, the company raised $9 million in Series B funding.[11]

In 2018, human resources company ADP announced that it would be offering early wage access to its clients through DailyPay.[12]

In 2021, the company raised $500 in funding during its Series D round.


References

Fees

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I use DailyPay at my job, and the $2.99 fee is only for instantaneous, otherwise it is free (for 2 day processing). Also, at my work, you can't access 100% before payday. LucasGK123 (talk) 18:58, 5 November 2022 (UTC)[reply]

Recognition

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DailyPay was featured in Time Magazine’s “Best Inventions of 2021” https://time.com/collection/best-inventions-2021/6115513/dailypay-pay-balance/

In 2021, the company received an honorable mention on Fast Company's "World Changing Ideas Awards".


2020:

2020 - Cycle

2020- Kroger


2021:

2021 - Aite Novarica

2021 - Mercator

2021- Fortune Best Workplaces

2021- Newsweek - Best Place to Work

2021- Big Lots

2021- IntelyCare


2022:

2022 - Barclays

2022- PNC

2022- Kevin Coop

2022- ADP/Wisely

2022- Sonic

2022- TD Bank

2022 - Friday

2022- Sbarro

2022- Mercator


2023:

2023 - Funding

2023 - Workday

2023- Santander

2023- UBS Arena

2023- Visa+ 38.142.117.234 (talk) 19:13, 14 June 2023 (UTC)[reply]