DailyPay - About the company
DailyPay is a series D company based in New York City (United States), founded in 2015 by Jason Lee. It operates as a Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand. DailyPay has raised $264M in funding from investors like Carrick Capital Partners, RPM Ventures and Intercept Ventures, with a current valuation of $1.75B. The company has 59 active competitors, including 20 funded and 6 that have exited. Its top competitors include companies like Rain, Earnin and Airbase.
Sectors and market segments that DailyPay operate in
DailyPay serves in the FinTech market segments.The primary business model of DailyPay are:Company Details
Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand. It integrates directly with employers’ existing payroll, HR, and workforce management systems, allowing workers to view and transfer portions of their accrued earnings in real time. It is positioned as a retention and engagement tool that helps attract and retain talent by offering greater financial flexibility without requiring major changes to payroll operations. It emphasizes seamless integration, enterprise-grade security, and minimal administrative overhead for businesses.
- Website
- www.dailypay.com
- Social
- Registered Address
- 55 Water Street New York, NY 10041
Key Metrics
Founded Year
2015
Location
New York City, United States
Stage
Series D
Total Funding
$264M in 9 rounds
Latest Funding Round
Post Money Valuation
$1.75B as on Jan 01, 2026
Investors
Ranked
1st among 59 active competitors
Employee Count
1,017 as on Aug 31, 2026
Legal entities associated with DailyPay
DailyPay is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
DAILYPAY, INC. CIN: 4808780 , United States, Active | Aug 21, 2015 | - | 710 (As on Dec 31, 2024) | - |
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DailyPay's funding and investors
DailyPay has raised a total funding of $264M over 9 rounds. Its first funding round was on Sep 06, 2016. Its latest funding round was a Conventional Debt round on Feb 20, 2026 for $200M. 5 investors participated in its latest round. DailyPay has 49 institutional investors.
Here is the list of recent funding rounds of DailyPay:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 20, 2026 | $200M | Conventional Debt | - | - | - | |
Jan 18, 2024 | $75M | Series D | $1.75B | - | - | |
Jan 18, 2024 | $100M | Conventional Debt | - | - | - |
Access funding benchmarks and valuations. Sign up today!View details of DailyPay's funding rounds and investors
DailyPay's founders and board of directors
Founder? Claim ProfileThe founders of DailyPay is Jason Lee.
Here are the details of DailyPay's key team members:
- Jason Lee: Former Co-Founder of DailyPay.
View details of DailyPay's Founder profiles and Board Members
DailyPay's employee count trend
DailyPay has 1,017 employees as of Aug 26. Here is DailyPay's employee count trend over the years:
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DailyPay's Competitors and alternates
Top competitors of DailyPay include Rain, Earnin and Airbase. Here is the list of Top 10 competitors of DailyPay, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  DailyPay 2015, New York City (United States), Series D | Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand | $264M | 74/100 | |
2nd |  Rain 2002, Venice (United States), Series B | Provider of a platform offering payday loans | $164M | 74/100 | |
3rd |  Earnin 2012, Palo Alto (United States), Series C | Provider of a platform for accessing earned wages and financial tools | $190M | 73/100 | |
4th | Airbase 2017, San Francisco (United States), Acquired | Provider of a platform integrating human resources, finance, and information technology | $91M | 72/100 | |
5th |  PayActiv 2012, San Jose (United States), Series C | Platform providng prepaid corporate cards for employee benefit | $134M | 71/100 | |
6th |  Papaya Global 2016, New York City (United States), Series D | Provider of platform for managing and paying global workforce and contractors | $440M | 71/100 | |
7th |  Clair 2019, New York City (United States), Series B | Cloud-based employee benefits platform for on-demand pay | $67.7M | 69/100 | |
8th | Tapcheck 2011, Tarzana (United States), Series A | Online platform offering employee on-demand pay benefits | $83M | 67/100 | |
9th |  Wrapbook 2018, New York City (United States), Series B | Provider of production payroll, accounting, and cost-tracking software solutions | $151M | 65/100 | |
10th | Branch 2015, Minneapolis (United States), Series C | Provider of an app-based platform for earned wages loans | $138M | 58/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on DailyPay's competitors? Click here to see the top ones
DailyPay's Investments and acquisitions
DailyPay has made no investments or acquisitions yet.
Reports related to DailyPay
Here is the latest report on DailyPay's sector:
News related to DailyPay
Filter this listMedia has covered DailyPay for a total of 23 events in the last 1 year, 8 of them have been about people movement and 5 about company updates.
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DailyPay Recognized by Everest Group as the Leader in Earned Wage AccessSync NI•Jul 17, 2026•DailyPay
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DailyPay Announces Appointment of Inbal Shani to its Board of DirectorsGlobal Fintech Series•Jul 01, 2026•DailyPay
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GoTo Foods Taps DailyPay to Modernize Frontline Worker Benefits for FranchiseesFintech Finance•Feb 25, 2026•GoTo Foods, DailyPay
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DailyPay Upsizes Secured Credit Facility to $960 MillionFintech Finance•Feb 20, 2026•DailyPay, Citi, TD Bank, TPG and 8 others
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DailyPay Helps Stinker Stores Improve Employee Retention with EWA SolutionsCrowdfund Insider•Jan 21, 2026•Stinker, DailyPay
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DailyPay Announces New $195 Million Senior Secured Revolving Credit FacilityGlobal Fintech Series•Jan 05, 2026•DailyPay, J P Morgan, JPMorgan Chase, Super Micro and 5 others
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DailyPay Appoints Caitlin Allen as Chief Brand and Communications OfficerGlobal Fintech Series•Dec 02, 2025•DailyPay
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Forbo Movement Systems Adds DailyPay to Its Financial Wellness Benefits PackageFintech Finance•Nov 19, 2025•Forbo Group, DailyPay
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