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DailyPay Opens Minneapolis Location

May 7, 2019

NEW YORK--(BUSINESS WIRE)--May 7, 2019--DailyPay, the pioneer in providing instant access to earned wages, today announced the opening of its second location in Minneapolis, MN. The office will support approximately 100 new employees across DailyPay’s payment services and customer support teams.

“We created DailyPay to enable employers to offer their employees access to earned wages, resulting in dramatically improved financial security for their employees,” said Jason Lee, CEO of DailyPay. “Since then, DailyPay has experienced exponential growth as we see extraordinary demand from best in class employers to offer this benefit. We are excited to open our second office in Minneapolis to continue to serve the needs of our employer partners and their employees.”

In determining the location for its second office, DailyPay strategically selected Minneapolis for its proximity to existing employer partners, strong talent pipeline and shared passion for business innovation and entrepreneurship. Minneapolis represents the value and mission-driven environment of DailyPay, and is home to a number of disruptive companies focused on creating solutions that positively impact people.

“We’re thrilled to have DailyPay join our thriving community of financial and technology startup companies in Minneapolis,” said Minneapolis Mayor Jacob Frey. “We strive to foster an inclusive, innovative, and entrepreneurial culture where companies like DailyPay can continue their momentum.”

Since launching in 2016, DailyPay’s New York headquarters has grown to over 100 employees. DailyPay intends to more than double its employees by the end of year and has already started recruiting talent for its second office, which will be led by a Vice President of Payment Operations.

About DailyPay

DailyPay is the pioneer in providing employees instant access to earned wages across a wide range of industries, including quick service restaurants, hospitality, retail, healthcare, and other services. One in six Americans now have access to DailyPay through payroll service partners like ADP, Smartlinx, and other HR technology providers who offer the daily pay product to their customers. With DailyPay, employees can pay bills on time and avoid late fees, helping them reach their financial goals. Companies have reported that DailyPay increases employee engagement and retention and helps to support recruitment. DailyPay is backed by leading venture capital firms and world-class strategic investors. The company is headquartered in New York. For more information about DailyPay, visit dailypay.com or follow @DailyPay on Twitter.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190507005172/en/

CONTACT: Sehrish Sayani

press@dailypay.com

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE HUMAN RESOURCES

SOURCE: DailyPay

Copyright Business Wire 2019.

PUB: 05/07/2019 08:30 AM/DISC: 05/07/2019 08:30 AM

http://www.businesswire.com/news/home/20190507005172/en