DailyPay
Enterprise earned wage access with deep HCM integrations and an embedded API for HCM vendors.
Overview
DailyPay is the largest US Earned Wage Access (EWA) provider and primarily sells direct to large enterprise employers — Target, Kroger, Hilton, HCA Healthcare, Dollar Tree, and McDonald's franchisees among others — with deep integrations into 180+ HCM and payroll systems (ADP, Workday, UKG, Oracle, SAP, Paylocity, etc.). Employees of partner employers can access earned-but-unpaid wages on demand via the DailyPay app, paying $1.99–$3.49 per transfer for instant access or $0 for next-day ACH. The platform processes billions in EWA volume annually. DailyPay also operates a genuine embedded path for HCM vendors that want to offer EWA without building it: ExtendPX (launched 2021) is a true white-label API for HCM partners to embed EWA natively into their own products, and DailyPay Built In™ (launched 2024–2025) is a lower-lift HCM partner program with active integrations including WorkWave and APS. A public REST API is available at developer.dailypay.com (Auth, Data Exchange, Payments, Elements modules), but access is restricted to authorized partners and is not self-serve. Founded in 2015 in New York by Jason Lee (CEO). Late-stage unicorn — Series D-1 equity of $75M in January 2024 at a $1.75B pre-money valuation led by Carrick Capital Partners. Total capital raised (equity + debt) exceeds $1.87B, including a $760M+ credit facility from Barclays plus additional facilities from Citi and JPMorgan Chase. Reuters reported IPO preparations underway as of January 2025. The company holds SOC 2 Type 2, PCI DSS Level 1, and ISO 27001:2022 certifications.
Key features
- Earned wage access for enterprise workforces
- 180+ HCM/payroll integrations
- ExtendPX white-label API for HCM vendors
- DailyPay Built In partner program
- Instant transfer ($1.99–$3.49) or free next-day
- Public REST API for authorized partners
Vertical focus
retail, restaurants, hospitality, healthcare, staffing, enterprise
Notable customers
Target, Kroger, Hilton, HCA Healthcare, Dollar Tree, McDonald's (franchisees)
At a glance
| Category | lending |
|---|---|
| Model | ["api","white_label","managed_service"] |
| Pricing | ["transaction_fee","custom"] |
| Revenue share | Employees pay $1.99–$3.49 per instant transfer; partner economics custom |
| Best company size | ["mid_market","growth","enterprise"] |
| Time to launch | 1-3 months |
| Technical complexity | medium |
| PCI scope | full |
| Founded | 2015 |
| Funding stage | late_stage |
| Website | https://dailypay.com |
Scored against the published rubric. See our editorial policy.