providing employers with solutions to create a more engaged and productive workforce
The majority of today’s workforce has grown up in an on-demand world where food, transportation and entertainment are available with a tap of the phone. So why does access to pay feel like such a delay? Instead, it should feel immediate, fair, and aligned with how the world works today. DailyPay is the leader in On-Demand Pay, trusted by the most forward-thinking employers committed to enhancing employees’ financial health. The company is disrupting the way employees get paid, bringing much-needed innovation to an archaic, inefficient biweekly or monthly payroll system. The platform helps businesses modernise their relationship with their employees by giving them a way to offer workers what they want and need: real-time access to their own earned pay.
DailyPay’s mission is to power daily opportunities by providing employers with solutions to create a more engaged and productive workforce and by empowering employees to live a better financial life. The company envisions a world where hard work pays off instantly, employers enjoy a more meaningful and mutually beneficial relationship with their workforce, and employees feel in control of their financial obligations and can meet life’s moments with confidence. Legacy enterprise payroll and benefits systems do not meet the modern needs of employees. Employees today are facing mounting pressures in their personal lives, including macroeconomic factors like
rising inflation, declines in personal savings levels, and higher debt costs. For example, current data shows over 6 in 10 Americans are living paycheck to paycheck, which means they spend nearly all of their income on basic necessities like rent, utilities, and groceries, leaving little or no money for savings, investments, or discretionary spending. Having no discernible savings or safety net creates an immediate negative impact on their wallets with longer-term implications on their financial wellness. DailyPay’s platform serves employers of all sizes and across all industries, unveiling benefits and opportunities that they did not even know were available to them. By offering DailyPay, companies help drive
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The Fintech Power 50 www.thepower50.com
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