DailyPay is a software company which allows employees to manage their pay. It will increase $175 million Series [su_highlight]A and $325M in debt capital investment.[/su_highlight] At the time at the time of writing the price of the company is $1B+.
Since its beginnings, Jessica Mah, an entrepreneur, has had great results with her business. It has collaborated with a variety of businesses, which include Walmart, United Parcel Service and Adecco which is a major personnel company.
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DailyPay employs between one 100 and 12000 people and they pay them around $500 million per year. The intention of the company to trade better pay arrangements with large employers is the main reason for its existence.
Jessica Mah, CEO at DailyPay said that DailyPay transformed into an entirely new technology that is empowering professionals and giving them the ability to control their financial future. We’re connecting between one hundred and twenty thousand employees with their employers, and establishing an online platform that allows employers and employees to make more informed choices regarding how much they spend.
The agency received $71M in funding in its maiden 2017 round of investment. This time, it’s reached the $200M mark. It raised a substantial amount of funds in the month of December to finance its growth.
Read Next: DailyPay Raises $500 Million Of Capital, Powering Its Mission To Transform The Financial System
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Strategies to prevent being
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