DailyPay Overview
- Year Founded
-
2015
- Status
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Private
- Employees
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949
- Latest Deal Type
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Debt
- Latest Deal Amount
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$200M
- Investors
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51
DailyPay General Information
Description
Developer of a financial wellness platform designed to provide earned wage access to serve all sectors. The company offers a digital wallet system including an on-demand pay technology that delivers the industry's leading on-demand pay solution with modern, insight-driven pay strategies that help leading employers to activate their workforce and build stronger relationships with their employees, enabling employees to send their money directly to any bank account and buy goods and services.
Contact Information
Website
www.dailypay.comCorporate Office
- 55 Water Street
- 42nd Floor
- New York, NY 10041
- United States
Corporate Office
- 55 Water Street
- 42nd Floor
- New York, NY 10041
- United States
DailyPay Timeline
DailyPay Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 15. Debt - General | 30-Jun-2025 | $200M | Completed | Generating Revenue | ||
| 14. Debt - General | 24-Oct-2024 | Completed | Generating Revenue | |||
| 13. Later Stage VC (Series E) | 18-Jan-2024 | Completed | Generating Revenue | |||
| 12. Debt - General | Completed | Generating Revenue | ||||
| 11. General Corporate Purpose | 24-Jan-2023 | Completed | Generating Revenue | |||
| 10. Debt - General | 17-Mar-2022 | Completed | Generating Revenue | |||
| 9. Later Stage VC (Series D) | 18-May-2021 | Completed | Generating Revenue | |||
| 8. Debt - General | 30-Sep-2020 | Completed | Generating Revenue | |||
| 7. Early Stage VC | 06-Sep-2019 | $50M | $75.8M | Completed | Generating Revenue | |
| 6. Early Stage VC (Series B2) | 04-Mar-2019 | $2M | $25.8M | Completed | Generating Revenue |
DailyPay Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series D | ||||||||
| Series C | ||||||||
| Series B2 | ||||||||
| Series B-1 | ||||||||
| Series B | ||||||||
| Series A1 | ||||||||
| Series A | 4,896,140 | $0.000010 | $0.08 | $1.02 | $1.02 | 1x | $1.02 | 10.75% |
| Seed | 3,191,480 | $0.000010 | $0.04 | $0.47 | $0.47 | 1x | $0.47 | 7.01% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
DailyPay Comparisons
Industry
Financing
Details
DailyPay Competitors (18)
One of DailyPay’s 18 competitors is FlexWage, a Venture Capital-Backed company based in Scottsdale, AZ.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| FlexWage | Venture Capital-Backed | Scottsdale, AZ | ||||
| Monzo Bank | Venture Capital-Backed | London, United Kingdom | ||||
| Nowpay | Venture Capital-Backed | Cairo, Egypt | ||||
| PayActiv | Venture Capital-Backed | Milpitas, CA | ||||
| Wagestream | Venture Capital-Backed | London, United Kingdom |
DailyPay Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
DailyPay Patents
DailyPay Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-11443392-B1 | Methods and apparatus for constructing machine learning models to process user data and provide advance access to payments | Active | 01-Feb-2018 | ||
| US-11908022-B1 | Methods and apparatus for constructing machine learning models to process user data and provide advance access to payments | Active | 01-Feb-2018 |
DailyPay Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
DailyPay Investors (51)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| 9.58 Ventures | Venture Capital | Minority | ||
| Access Technology Ventures | Corporate Venture Capital | Minority | ||
| AllianceBernstein | Asset Manager | Minority | ||
| BullVC | Secondary Buyer | Minority | ||
| Cedar Mundi Ventures | Venture Capital | Minority |
DailyPay FAQs
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When was DailyPay founded?
DailyPay was founded in 2015.
-
Where is DailyPay headquartered?
DailyPay is headquartered in New York, NY.
-
What is the size of DailyPay?
DailyPay has 949 total employees.
-
What industry is DailyPay in?
DailyPay’s primary industry is Financial Software.
-
Is DailyPay a private or public company?
DailyPay is a Private company.
-
What is DailyPay’s current revenue?
The current revenue for DailyPay is .
-
How much funding has DailyPay raised over time?
DailyPay has raised $1.48B.
-
Who are DailyPay’s investors?
9.58 Ventures, Access Technology Ventures, AllianceBernstein, BullVC, and Cedar Mundi Ventures are 5 of 51 investors who have invested in DailyPay.
-
Who are DailyPay’s competitors?
FlexWage, Monzo Bank, Nowpay, PayActiv, and Wagestream are some of the 18 competitors of DailyPay.
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