DailyPay, Inc., a NYC-based fintech startup, raised $5m in Series A funding.
The round was led by RPM Ventures with participation from Draper Frontier and Inspiration Ventures.
The company, which has raised a total of $6.5m in total,
Led by Jason Lee, CEO, Rob Law, CTO, and Konstantin Getmanchuk, VP of Enterprise Product, DailyPay provides companies with a solution to make daily payments to employees and contractors.
Started with contractors in the On Demand Economy in 2015, the company has since expanded to employees of more traditional companies.