DailyPay Disrupts Global Wage Access

US fintech DailyPay expands to UK market and partners with Visa as it positions itself to transform payday cycles for workers worldwide

In an exclusive interview at Money20/20 USA, DailyPay's latest strategic moves reveal an ambitious push to revolutionise how workers across the globe access their earned wages. 

The American fintech firm is expanding its on-demand pay platform internationally as it seeks to address what it calls 'the last thing people wait for in life' - their wages.

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DailyPay Secures Additional $100 Million Credit Commitment From Citi

DailyPay's Secured Credit Facility Increases To $760 Million in Support of its Growth And Leadership Position in Worktech

NEW YORK, Oct. 24, 2024 /PRNewswire/ -- DailyPay, Inc., a worktech company and leading provider of earned wage access, today announced it has secured an additional $100 million commitment to its secured credit facility capacity from Citi. The additional commitment doubles Citi's commitment from $100 million to $200 million.

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Convergia Partners with SecEdge to Offer Advanced Edge Security to Connected Product Solutions for PanAmerican Market

Convergia's strategic partnership and investment with SecEdge expands advanced edge security to connected product solutions throughout the PanAmerican market.

SEATTLE, WA, UNITED STATES, October 23, 2024 /EINPresswire.com/ --Convergia, a leading PanAmerican provider of integrated connectivity solutions, today announced a strategic partnership and investment in SecEdge, the innovative digital security platform-as-a-service company. This collaboration aims to bring SecEdge's cutting-edge connected products and Edge AI security solutions to the rapidly growing PanAmerican market.

As part of the agreement, Convergia will become a key market partner for SecEdge in the Americas, leveraging its extensive network and customer base to distribute SecEdge's advanced security technologies. Additionally, Convergia has joined SecEdge's latest round A funding as a strategic investor, further solidifying the partnership.

Convergia, with its 20+ years of experience in the connectivity industry, provides a wide range of services including Internet, Data, Cloud, and Unified Communications solutions across the Americas. This partnership with SecEdge will enable Convergia to offer its customers state-of-the-art connected products security solutions, addressing the growing demand for robust protection in the rapidly expanding landscape of connected devices.

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SESAC MUSIC GROUP ACQUIRES RIGHTS MANAGEMENT AND UGC MONETIZATION COMPANY HAAWK

SESAC Music Group has acquired HAAWK, a media software and services company specializing in copyright management and monetization for independent music, film, television, and video catalogs.

HAAWK (which stands for Helping All Assets With Knowledge) provides ‘full-service’ administration of YouTube’s Content ID system and Facebook’s Rights Managerplatforms (including Instagram), and works with a number of record labels, publishers, and music rightsholder clients.

The company also operates a distribution service called Diistro and a Micro Sync Music Licensing platform called Keyframe Audio.

HAAWK’s headquarters will remain in Los Angeles under the leadership of Ryan Born, who founded the company in 2017.

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Coterie teams up with Berkley Re to provide cyber insurance for evolving business risks

Coterie Insurance, a technology-driven managing general agent (MGA) focused on simplifying small business insurance, has introduced cyber insurance to its platform through a new collaboration with Berkley Re Solutions and TransUnion.

Leveraging coverage from Berkley Re Solutions and cyber services from TransUnion’s TruEmpower™ Cyberscout solutions, Coterie now integrates Berkley Re’s tailored turnkey solutions into its already smooth user experience.

“Our agents and brokers have been asking for expanded coverage options as small businesses are at risk for numerous perils, including increasingly becoming targets for cybercriminals,” added Bobbie Collies, Chief Insurance Officer at Coterie Insurance.

“Now Coterie users can easily add cyber insurance to new policies quickly and efficiently, further safeguarding their small business clients.”

Cyber insurance claims hit unprecedented levels in 2023, with more businesses reporting cyber incidents than ever before, as noted by the HIPAA Journal.

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