DailyPay (2023)
About this raise
DailyPay, with a valuation of $1.75 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 $11,200 and a maximum target of $1.4 million. The campaign proceeds will be used for growth and expansion.
Investment Overview
Invested : $2,036,316
Deal Terms
- Platform
- OurCrowd
- Start Date
- 08/24/2023
- Close Date
- 10/23/2023
$11,200
$1,380,000
$11,200
Equity - Common
Growth Stage
RegD 506(c)
$1,750,000,000
Company & Team
Company
- Year Founded
- 2015
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Location
- New York, New York
- Company Website
-
Visit Website
Team
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/23/2023 | OurCrowd | $1,750,000,000 | $2,036,316 | Equity - Common | Funded | RegD 506(c) |
| 10/23/2023 | OurCrowd | $775,000,000 | $2,041,864 | Equity - Common | Funded | RegD 506(c) |
| 04/08/2021 | OurCrowd | $1,000,000,000 | $8,302,453 | Equity - Common | Funded | RegD 506(c) |
| 05/31/2019 | OurCrowd | $500,000,000 | $6,956,489 | Equity - Common | Funded | RegD 506(c) |