DailyPay Raises $9M in Series B Funding

DailyPay, a NYC-based provider of a platform for employees to access earned wages in real time, raised $9m in Series B funding.

The round, which brings total capital raised to $16m, was led by Intercept Ventures with participation from existing investors RPM Ventures, Inspiration Ventures and Draper Frontier.

The company intends to use the funds to accelerate the deployment of its financial wellness support and services among mid-cap and enterprise companies in several industries.

Led by Jason Lee, CEO and co-founder, DailyPay provides employees at companies in a wide range of industries, including cleaning, healthcare, retail, transportation, and more with real-time access to earned wages and pay bills on time and avoid late fees.



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