DailyPay, founded in 2015 and headquartered in New York City, is a financial technology company that provides on-demand pay, or earned wage access, technology. Its core platform integrates with a client's existing payroll and HR systems, enabling employees to track their hours and transfer earned wages instantly. The technology is built to connect with more than 180 Human Capital Management, payroll, and time management systems.
The company's product suite includes the On-Demand Pay Platform, which features a mobile application for financial management and a Savings Jars function for goal-setting. A DailyPay Visa Prepaid Card is also available. The platform currently serves over 1,000 employer clients across industry verticals including warehousing, retail, hospitality, and healthcare.
DailyPay's technical work spans financial technology, mobile application development, payment processing, and complex payroll system integration. The company has secured venture funding and achieved profitability, attaining unicorn status. It maintains a geographic presence in the United States and Belfast. Its approach has been recognized by TIME magazine as one of the Best Inventions of 2021.
