The Fintech Power 50 Annual 2025

desirable employee behavior, including increased retention, engagement, and productivity. With these advantages, DailyPay is able to generate tangible returns for employers by reducing absenteeism and turnover costs, estimated to be over one trillion dollars every year. The impact is real for employees as well. Research conducted by Arizent shows that

stopped completely. This enables them to avoid expensive options to make ends meet. Leveraging DailyPay makes it easier for workers to budget and break the paycheck-to-paycheck cycle if they know what they are making and have access to their earned pay on a daily basis. Seeing their real pay in real time equips them with the context they need to make

DAILYPAY INFO

Who is DailyPay: DailyPay LLC, powered by its industry-leading technology platform, is on a mission to build a new financial system for everyone. DailyPay delivers the industry’s leading on-demand pay solution that helps America’s employers build stronger relationships with their employees, so they feel more engaged, work harder and stay longer. DailyPay works to ensure that money is always in the right place at the right time for employees and employers. It's headquartered in New York City, with operations based in Minneapolis and Belfast. For latest news, visit www.dailypay.com/press. What it does: The recognised leader

the majority of DailyPay users pay fewer late fees and incur less credit card debt than before using the platform. In an uncertain economy, DailyPay’s solutions empower employees to confidently navigate their financial journey during and beyond their current employment, as the company maintains relationships with employees across jobs. By granting employees access to their earned pay when they need it and providing tools to optimise their income, DailyPay is helping them

better financial decisions, such as picking up extra shifts to save for a future large purchase. By giving workers immediate, credit- neutral, and recourse-free access to the wages they have already earned – supplemented with financial wellness tools that educate workers on how to manage their finances – DailyPay’s platform is the safest way for employees to gain real-time access to their pay. Advances in technology have disrupted so many areas of our lives to make

DailyPay has emerged as the ultimate

employee motivator, becoming

the glue that facilitates a productive and meaningful relationship between employers and employees

in earned wage access Company: DailyPay LLC Founded: 2015 Category: Financial services Key people: Nelson Chai,

chief executive officer (right) Head office: New York, USA Local presence in: New York and Minneapolis Website: www.dailypay.com Linkedin: www.linkedin.com/company/dailypay/

maximise their time, achieve financial stability, and ultimately, become happier and more productive at work. Research shows that about 7 in 10 DailyPay users who previously paid late fees do this less often or have

things easier, efficient, and cost-effective. By innovating pay, we are empowering workers to take control over their financial

lives and bring the best versions of themselves to work everyday. And that is a win-win for all.