The company has enjoyed massive success since it was founded on 13th March 2013. Jessica Mah, an entrepreneur, founded it. It partners with many businesses, such as Walmart, United Parcel Service, Adecco, and other major firms that provide staffing.
Jessica Mah, CEO of DailyPay In, announced that DailyPay helps employees in the field take control of their financial situation. “We have connected over 120,000 salaried workers with their employers, and we’re creating an application that can help employees and employers make better financial choices about how much money they will spend.”
The company raised $71 million in May during its round of funding. It is now at $200 million. It raised substantial capital to fund its growth in December 2022.
The company is increasing. It has more than 100k paying customers. It recently brought back some of its employees. The company has a significant value, and I asked for more details. Although this is a speculation-based story, I think it’s worth enough to warrant CNBC and other news agencies have taken note of it.
Spring (a Ripple company) is the leader of the funding round. Greycroft is among the other investors who participated in the seed round.