Fundraising Fox

DailyPay

New York, US · 12 known investors

DailyPay provides on-demand pay solutions that allow employees to access their earned wages before traditional paycheck cycles, serving employers and workers seeking greater financial flexibility. The company offers employer-integrated payroll software, worker financial wellness tools, and a fintech platform for the hourly and salaried workforce.

Also known as DailyPay

Enterprise SoftwareFintechHR Tech

Founders & leadership

NCNelson Chai
Nelson ChaiChief Executive Officer
DSDeepa Subramanian
Deepa SubramanianChief Financial Officer
ABAndrew Brandman
Andrew BrandmanChief Operating Officer
PDPoulomi Damany
Poulomi DamanyChief Product Officer
DDDavid Dyar
David DyarChief Technology Officer
JDJared DeMatteis
Jared DeMatteisChief Legal & Strategy Officer
JLJon Lowe
Jon LoweChief People Officer
CACaitlin Allen
Caitlin AllenChief Brand and Communications Officer

Investors · 12

1/1 CapitalMiami Beach
Carrick Capital PartnersSan Francisco
EQUIAMSan Francisco · $1M – $10M
Evolution VC PartnersNew York
Fin CapitalSan Francisco · $250K – $15M
Frontier Venture CapitalBoulder · $50K – $500K
Inspiration VenturesSan Francisco · $250K – $1M
Intercept Ventures
Moment Ventures, LlcPalo Alto
PROOFArlington
Rpm Ventures Iii Management, L.L.C.Ann Arbor
VCFA GroupNew York · $150K – $2.5M

Company profile

researched Aug 2026

DailyPay provides an on-demand pay platform that integrates with an employer's existing payroll, HCM, banking and benefits systems to let employees access wages they have already earned before the scheduled pay date. Employees can transfer up to 100% of their available earnings and track transfers and earned pay through a mobile app; the company states that a pre-existing checking or savings account is not required to receive funds.

The offering is positioned to employers as a benefit platform intended to support recruiting, retention and engagement, and to employees as a financial wellness tool. DailyPay states that its implementation requires minimal change to existing payroll processes and no cost or disruption to the employer, and that it supports customers through technical setup, launch, employee activation and training. The company describes its platform as enterprise-grade with respect to data privacy and service availability.

Business model

DailyPay sells to employers, which offer the service as an employee benefit; the company states there is no cost or disruption to the employer's business, with employees accessing earned wages via transfers.

Traction

Customer case studies cited by the company report retention effects, including DialAmerica noting 58% less turnover in the first two weeks among DailyPay users, and The Adecco Group reporting 22% turnover among DailyPay users versus 36% among non-users.

Latest developments

DailyPay states it was selected as Workday's strategic partner for on-demand pay and continues to promote integration partnerships with modern HCM and payroll providers.

▸Full profile — market position, technology, go-to-market, geography

Market position

DailyPay describes itself as the leader in on-demand pay and cites industry awards; it competes with other on-demand pay providers.

Technology

The platform integrates with existing payroll, HCM, banking and benefits applications to calculate available earnings and enable employee-initiated transfers, delivered through an employee-facing app.", "go_to_market">null

Go-to-market

Employers with hourly and salaried workforces across sectors including contact centers, staffing, healthcare, senior services and grocery retail, plus their employees; the company also targets small businesses and HCM/payroll providers as integration partners.

Geography

Headquartered in New York; referenced customers include The Adecco Group's Americas shared services operations.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
HeadcountAug 20261,003
Turnover rate, DailyPay users (The Adecco Group, Americas shared services)Jan 202522%
Turnover rate, non-DailyPay users (The Adecco Group, Americas shared services)Jan 202536%
Turnover reduction in first two weeks among DailyPay users (DialAmerica)Jan 202558%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 7

by search overlap
ADP2358 shared keywordsADP provides cloud-based human capital management solutions that integrate payroll, HR, talent management, time and attendance, tax, and benefits administration for businesses globally. The company serves as a comprehensive provider of HCM software and business outsourcing services with analytics and compliance expertise.
Capital One1490 shared keywordsCapital One is a financial services company that offers credit cards, checking and savings accounts, auto financing, and business banking products to consumers and small businesses. The company provides digital banking tools, rewards programs, and credit monitoring services.
Chime1369 shared keywordsChime is a US financial technology company offering fee-free checking and savings accounts, debit and credit-builder cards, early access to direct-deposited pay and no-fee overdraft cover. It is not itself a bank: deposits are held through partner banks. Founded in 2012 by Chris Britt and Ryan King, it listed on Nasdaq in June 2025 under the ticker CHYM and serves over 10 million active members.
Payactiv1322 shared keywordsPayactiv provides earned wage access (EWA) offered through employers, letting workers access their earned wages before payday, along with a Visa card, bill pay, discounts, financial counseling, and budgeting and savings tools. It serves employees and employers as a financial wellness and payroll-linked benefits platform.
Experian1246 shared keywordsExperian offers consumers tools to access their credit report and FICO Score, build credit, and manage money, including credit card matching, bill and subscription negotiation, car insurance comparison, and a digital checking account with debit card. It serves individual U.S. consumers through its app and financial products.
Current1233 shared keywordsCurrent is a mobile-first banking platform offering no-fee spending accounts and integrated financial services to everyday Americans. The company operates on a spend-based model powered by interchange fees and maintains proprietary core banking technology.
Wellsfargo1221 shared keywordsWells Fargo is a bank offering personal financial products such as checking accounts and a mobile banking app for consumers. Its services include account management, spending insights, and financial guidance.

Companies competing with DailyPay for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 1

launches, deals, and filings
Jan 2025
Selected as Workday's strategic partner for On-Demand Pay

DailyPay states it was selected as Workday's strategic partner for on-demand pay; the company also markets integration partnerships with HCM and payroll providers.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does DailyPay do?
DailyPay operates an on-demand pay platform that lets employees access earned wages ahead of scheduled payroll cycles.
Who are DailyPay's investors?
DailyPay's investors include 1/1 Capital, Carrick Capital Partners, EQUIAM, Evolution VC Partners, Fin Capital, Frontier Venture Capital, Inspiration Ventures, Intercept Ventures and 4 more.
Where is DailyPay headquartered?
DailyPay is headquartered in New York, US.