About DailyPay
DailyPay is a company based in New York (United States) founded in 2015.. DailyPay has raised $269 million across 9 funding rounds from investors including Citi, Barclays and SVB. DailyPay operates in a competitive market with competitors including Earnin, Branch, PayActiv, Clair and Rain, among others.
- Headquarter New York, United States
- Stage Unicorn
-
Sectors
TechnologyFinancial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Dailypay, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$269 M (USD)
in 9 rounds
-
Latest Funding Round
$100 M (USD), Debt – Conventional
Jan 18, 2024
-
Investors
Citi
& 8 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Sales and Marketing
73 people
Leadership Team
72 people
Software Development Team
67 people
Senior Team
27 people
Product Management Team
25 people
Human Resources and Administration
14 people
Operations Team
13 people
Legal and Compliance
11 people
Unlock access to complete
Funding Insights of DailyPay
DailyPay has successfully raised a total of $269M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Debt – Conventional — $100.0M
-
First Round
First Round
(15 Aug 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series D - DailyPay | Valuation | Carrick Capital Partners |
|
| Jan, 2024 | Amount | Debt – Conventional - DailyPay | Valuation |
investors |
|
| Jan, 2023 | Amount | Debt – Conventional - DailyPay | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DailyPay
DailyPay has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Citi, Barclays and SVB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
PE firm invests in the US
|
Founded Year | Domain | Location | |
|
Company buyouts are targeted by this private equity firm.
|
Founded Year | Domain | Location | |
|
Seed and early-stage startups receive investments from Intercept Ventures.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by DailyPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - DailyPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dailypay Comparisons
Competitors of DailyPay
DailyPay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Earnin, Branch, PayActiv, Clair and Rain, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
|
|
| domain | founded_year | HQ Location |
Branch is focused on providing faster workforce payment solutions.
|
|
| domain | founded_year | HQ Location |
Prepaid corporate cards are offered for on-demand employee wage access.
|
|
| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
|
|
| domain | founded_year | HQ Location |
A platform for payday loans is provided by Rain.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Dailypay
Frequently Asked Questions about DailyPay
When was DailyPay founded?
DailyPay was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is DailyPay located?
DailyPay is headquartered in New York, United States. It is registered at New York, New York, United States.
Is DailyPay a funded company?
DailyPay is a funded company, having raised a total of $269M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $260M, raised on Aug 15, 2016.
What does DailyPay do?
Developer of an online platform for employee financial benefits. It offers an on demand pay solution that enables employers to provide earned wage access to employees. Employees must add the required information, amount, and request for the loan. Once approved by the employer, the funds are transferred to the registered bank account.
Who are the top competitors of DailyPay?
Who are DailyPay's investors?
DailyPay has 9 investors. Key investors include Citi, Barclays, SVB, Angelo Gordon, and Carrick Capital Partners.
What is DailyPay's valuation?
The valuation of DailyPay is $1B as of May 2021.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.