DailyPay was founded in 2015 by by Jason Lee and Robert Law. Following a $175 million round of Series D funding, CEO Lee discussed potential plans to take the company public, saying “like all high-growth tech companies, we are considering strategic alternatives, one of which could be an IPO." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
DailyPay helps organizations grant their employees early access to their paychecks, a service that is particularly important in low-wage and gig-based workplaces where employees are more likely to be living paycheck to paycheck. More than 300 companies use the service, including Burger King, DollarTree, Kroger, Berkshire Hathaway, Uber, and DoorDash.The recent round of Series D funding led by Carrick Capital Partners brought the company's total funding to more than $500 million. Other investors include RPM Ventures, Sand Hill Angels, and Fin Venture Capital. The funding round raised the company's post-money valuation to more than $1 billion.
DailyPay is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
DailyPay has not yet filed for an IPO. However, it's important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
DailyPay is privately held company and is not publicly traded, therefor investing in DailyPay pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.
To determine the value of your DailyPay shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. A Private Market Specialist will also be available to assist you with any inquiries related to your DailyPay shares. You can also learn more about how to sell your private shares before getting started.
Yes, you can seek to sell shares in DailyPay while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.
Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
---|---|---|---|---|
1/18/2024 | Series D-1 |
$75.5MM raised | $XXX.XX | $XXX.XX |
5/18/2021 | Series D |
$175MM raised | $XXX.XX | $XXX.XX |
12/31/2019 | Series C |
$55.5MM raised | $XXX.XX | $XXX.XX |
6/29/2018 | Series B-1 and B-2 |
$9.39MM raised | $XXX.XX | $XXX.XX |
2/15/2018 | Series B |
$9.09MM raised | $XXX.XX | $XXX.XX |
9/6/2016 | Series A and A-1 |
$6.02MM raised | $XXX.XX | $XXX.XX |
10/31/2015 | Series Seed |
$1.5MM raised | $XXX.XX | $XXX.XX |