DailyPay

DailyPay

Growth Stage

Daily Pay Available

Daily Pay Available

Overview

Funding data not publicly available
Platform

OurCrowd

Start Date

04/01/2019

Close Date

05/30/2019

Min. Goal
$10,000
Max. Goal
$3,330,000
Min. Investment

$10,000

Security Type

Equity - Common

SEC Filing Type

RegD 506(c)

Pre-Money Valuation

$500,000,000

Year Founded

2015

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Location

New York, New York

DailyPay, with a valuation of $500 million, is raising funds on OurCrowd through Reg D 506(c) raise. The company has developed a platform allowing employers to advance employees against the salary they have worked for but are yet to receive. The platform gives people financial security and allows them to control the timing of when they are paid. DailyPay integrates with the current timekeeping and payroll systems of companies and facilitates the employees to meet their financial goals. Jason Lee and Rob Law founded DailyPay in 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,330,000. The campaign proceeds will be used for growth and expansion.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
DailyPay 04/07/2021 OurCrowd $1,000,000,000 - Equity - Common Funded RegD 506(c)
DailyPay 05/30/2019 OurCrowd $500,000,000 - Equity - Common Funded RegD 506(c)
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DailyPay on OurCrowd 2019
Platform: OurCrowd
Security Type: Equity - Common
Valuation: $500,000,000

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