Overview
Platform
OurCrowd
Start Date
03/01/2021
Close Date
04/08/2021
Min. Goal
$10,000
Max. Goal
$5,500,000
Min. Investment
$10,000
Security Type
Equity - Common
SEC Filing Type
RegD 506(c)
Pre-Money Valuation
$1,000,000,000
Year Founded
2015
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Location
New York, New York
DailyPay, with a valuation of $1 billion, 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 $5,500,000. The campaign proceeds will be used for growth and expansion.
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