Dailypay Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

505 Dailypay

Dailypay Strengths, Domain Expertise, and Key Differentiators

DailyPay distinguishes itself through its innovative features, such as the groundbreaking 'Shifts Worked' tab, released in October 2022. This feature, aligned with the popular 'Pay Balance' function, provides users a transparent breakdown of earnings per shift, enhancing financial insight for hourly workers. The company's commitment to fostering financial transparency and AI and ML technologies contributes to its domain expertise in reshaping traditional payroll processes. With a client roster including Fortune 500 companies like Hilton and Target, DailyPay's strength lies in its comprehensive product portfolio, supporting features like bill pay, investing, and more within its digital wallet solution.

Dailypay Recent Developments

In a recent announcement on January 24, 2023, DailyPay, a financial technology company, revealed a significant financial boost by securing $260 million in capital. This strategic move is aimed at fostering growth domestically, expanding internationally, and driving further innovation in its product offerings. The funding, comprising revolving credit facility capacity from Barclays and Angelo Gordon, along with term loan funding from SVB Capital and Neuberger Berman, follows the company's initial $300 million revolving credit facility announced in March 2022. Under the leadership of CEO Kevin Coop, who joined five months prior, DailyPay has experienced substantial client growth and meaningful revenue increase, reaffirming its position as a market leader in on-demand pay solutions.

Dailypay Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Dailypay applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Dailypay and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Payex Plaftorm customers.

Dailypay Overview

55 Water Street

New York, NY, 10041, United States

1 888-991-3646

https://www.dailypay.com/


Ownership: - x

Number of Employees: 500

Functional Markets: HCM,

Key Verticals: Distribution, Healthcare, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Professional Services, Retail, Transportation,

Dailypay Key Enterprise and Cloud Applications

Payex Plaftorm

Dailypay Revenues, $M:

Type/Year20222023YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Dailypay Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Dailypay Revenues By Region, $M

Region% of Total Revenues2023 Total Revenues, $M2023 Enterprise Applications Revenues, $M2023 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Dailypay Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Dailypay Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Dailypay Customers


No. of Dailypay Customers: 200

No. of Dailypay Enterprise Applications Customers: 200

No. of Dailypay Cloud Customers: 200

No. of Dailypay Cloud Subscribers: 2000000


DailyPay collaborates with various clients, including Vera Bradley, Westgate Resorts, and Kroger. The company's modern pay strategies resonate across industries, from hospitality (Westgate Resorts) to retail (Target) and healthcare (Christian Horizons). The extensive client list showcases DailyPay's appeal across various regions and industries, reinforcing its position as a versatile financial technology solution.

Dailypay Market Opportunities, M&A and Geo Expansions

Opportunities abound for DailyPay, particularly in the horizontal and vertical market spaces. The company's focus on embracing Cloud, IoT, AI, and ML technologies positions it at the forefront of financial innovation. As businesses increasingly prioritize digital payroll solutions, DailyPay's expansion into new regions, both domestically and internationally, aligns with the growing demand for real-time financial services.

Dailypay Risks and Challenges

Despite its successes, DailyPay faces inherent risks, including internal challenges associated with funding payments for employees and potential exposure if employees are let go. Managing these risks requires a careful balance in funding and mitigating losses in case of employee turnover. External risks involve go-to-market challenges, as the company navigates a competitive landscape and adapts to evolving industry regulations.

Dailypay Ecosystem, Partners, Resellers and SI

DailyPay's ecosystem is fortified by strategic technology integrations, such as joining the Kronos Workforce Dimensions Technology Partner Network. This partnership allows seamless data sharing, enabling DailyPay to calculate available balances and facilitate instant fund transfers. As the company expands its operations with a new Minneapolis office and local hires, its growing ecosystem positions DailyPay as a key player in reshaping workforce management and financial wellness.

Dailypay Cloud Infrastructure Insights

Subscribe to read more about:

  • Dailypay Public Cloud and Infrastructure (IaaS)
  • Dailypay Platform (PaaS)
  • Dailypay Application Delivery
  • Dailypay Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


For additional information on our methodologies, here's the link:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ



Buyer Intent: Companies Reading this Research Report
ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively reading this research report. Gain ongoing access to real-time prospects and uncover hidden opportunities. Companies Actively accessing this research report include:
  1. ACL Digital, a United States based Professional Services organization with 1000 Employees
LogoCompanyIndustryEmployeesRevenueCountryEvaluated
ACL DigitalProfessional Services1000$250MUnited States2024-06-18