DailyPay Names Veteran Executive Nelson Chai as CEO

Former Uber CFO to lead DailyPay's next phase of market leadership

NEW YORK, Oct. 1, 2025 /PRNewswire/ -- DailyPay, the leading worktech platform providing on-demand pay and financial wellness solutions, announced that Nelson Chai has been appointed Chief Executive Officer.

Chai brings more than three decades of leadership experience in top executive posts at some of the world's most recognized financial and technology companies including Uber, where, as CFO, he drove financial transformation and led the company's IPO. He also previously served as CEO of The Warranty Group, President of CIT Group, CFO of Merrill Lynch, and CFO of NYSE, among other executive roles. Chai joined DailyPay earlier this year as Executive Chairman, working closely with the Board and leadership team to refine its growth vision.

"As DailyPay's strategy has advanced to encompass employee financial wellness, Nelson is the right leader for this next stage of growth. His experience at the leading edge of FinTech, and his knowledge of consumer markets, will foster further expansion and enhance our ability to deliver new offerings and even greater value for employers and employees alike," said CeCe Morken, newly elected DailyPay Board Chair.

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Workday and DailyPay Form Strategic Partnership to Bring On-Demand Pay to Millions of Workers

DailyPay Named Workday's Strategic Partner for On-Demand Pay

Strategic Partnership Will Help Companies Recruit, Retain, and Engage Employees By Giving Them Access to Their Money as They Earn it

PLEASANTON, Calif. and NEW YORK, Aug. 19, 2025 /PRNewswire/ -- Workday Inc., (NASDAQ: WDAY), the AI platform for managing people, money, and agents, and DailyPay, the leading On-Demand Pay platform, today announced that DailyPay has been selected as Workday's Strategic Partner for On-Demand Pay in the United States and Canada. Through this collaboration, employers can give workers, including frontline and hourly workers, real-time access to their money as they earn it.

DailyPay's solution has been integrated with Workday Human Capital Management (HCM) and Workday Payroll since 2023. The companies are now offering a more connected experience for joint customers that empowers employees with access to their earnings on their own schedule, when they need it most.

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Allianz X backs Coterie Insurance

Allianz X, the strategic investment arm of the Allianz Group, announced a strategic equity investment in small business insurance startup Coterie Insurance. Excluding this investment, Coterie raised nearly $100 million.

In addition to Allianz X leading Coterie’s Series C investment, the deal also involves leveraging the strengths of the Allianz Group to forge a long-term, expanded reinsurance relationship between Coterie and Allianz Reinsurance, the reinsurance arm of the Allianz Group.

“Coterie has an exceptional platform for the SMB insurance market, a segment that is both attractive and challenging. This deal demonstrates Allianz X’s ongoing commitment to the segment and the opportunities within it, as well as marking the beginning of the next phase of Coterie’s growth, which we will achieve together by leveraging our respective strengths.” – Alexander De Kegel, CIO and MD of Allianz X North America.

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Dallas Just Got a New King of Gig – and It’s Freshly Folded

In a city where the gig-economy hums with engine fumes, fast food runs, and Friday night rideshares, one new platform skips the grease and grabs the garments. NoScrubs, an Austin-based startup launched in Dallas, doesn’t ferry burgers or barhoppers – it whisks away laundry, returning it washed, folded, and warm to the touch within hours. For workers worn down by brake pads and backseat small talk, the quiet churn of a dryer might just be the sound of opportunity.

On July 8, NoScrubs officially launched in Dallas with $2 million in pre-seed funding from Initialized Capital and Frontier VC. Founded by Matt O’Connor, who helped launch Instacart in Austin, the company saw firsthand how convenience reshapes daily life. This time, his focus is laundry – a chore so familiar and often overlooked. NoScrubs picks up, washes, folds, and returns clothes in as little as four hours, beating the typical 6-to-10-hour or even next-day turnaround of most delivery services. For busy customers and gig workers – dubbed Scrubbers – the service turns an age-old task into a modern, streamlined exchange. 

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Simulations Plus invests $1 million in clinical trial technology firm Nurocor

Simulations Plus, Inc. (NASDAQ: SLP) announced an investment of $1 million in clinical development technology company Nurocor, according to a press release statement.

The investment was made through Simulations Plus' Corporate Development Initiative, which launched in 2024 to support early-stage technology companies in the pharmaceutical industry.

Founded in 2017, Nurocor operates a cloud-based software platform designed to improve efficiency and automation for pharmaceutical companies during clinical development phases. The company's solution aims to accelerate clinical trial lifecycles and reduce overall development costs.

"We are pleased to support Nurocor in its mission to help clients leverage technology to bring drugs to market more rapidly," said Shawn O'Connor, Chief Executive Officer of Simulations Plus. "Their vision aligns with our own, and we see tremendous potential for clients to deploy our complementary solutions in clinical trial design, protocol development, and site competency and compliance."

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