Visa+ Now Available To All DailyPay Users
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Launched in late 2023, the mission of Visa+ is to create an interoperable future, where paying across services is as seamless as using any one service, benefiting both consumers and payment app providers.
DailyPay Closes Transactions Totaling $175 Million; Company's Valuation Increases by 75%
/Leading fintech announces the close of a $75 million equity round and the $100 million expansion of an existing secured credit facility, with the incremental financing provided by Citi
Funds will be used to accelerate growth and expansion into adjacent categories and new markets
NEW YORK, Jan. 18, 2024 /PRNewswire/ -- DailyPay, the leading on-demand pay company, today announced it has secured over $175 million to fuel growth. The funding is divided between $100 million of expanded secured credit facility capacity provided by Citi and over $75 million in equity financing, which valued the company at $1.75 billion on a pre-money basis.
HData Named to GovTech 100 List, Recognized as Industry Leader
/The innovative RegTech company joins fellow industry leaders on the prestigious Government Technology Magazine list
BIRMINGHAM, ALABAMA, USA, January 3, 2024 /EINPresswire.com/ -- Today, Government Technology Magazine selected HData, an innovative RegTech company, for the GovTech 100 list, which features the top 100 companies contributing significantly to the government technology landscape. HData is recognized for simplifying the processes of filing, exploring, and analyzing Federal Energy Regulatory Commission (FERC) data. Leveraging the power of Artificial Intelligence (AI) and automation, HData has revolutionized the management of thousands of pages of data, previously burdensome, manual, and error-prone. The result is a wealth of intelligent insights that empower analysts to perform their roles confidently.
“Being recognized by GovTech 100 as a top innovator in the government technology space further enhances our commitment to transforming how the regulated energy sector works,” said Hudson Hollister, founder and CEO of HData. "Our technology allows energy professionals to quickly and easily gain insights from FERC data, furthering their work and enhancing the sector as a whole."
DailyPay Improves Employee Retention, Productivity, and Morale According to New Study
/New research from Arizent/Employee Benefits News demonstrates the positive impact DailyPay can have for employers, many of whom are still challenged with a tight labor market. According to the study commissioned by DailyPay, the leader in earned wage access, employees stay longer, are more productive, and are more motivated at work when they have the highly sought-after financial wellness benefit. Those employees also pick up extra shifts, are less likely to look for a new job, and exude higher morale.
The study also reveals that DailyPay is among the top three benefits employees engage with in over half the instances, signifying its importance among companies’ total rewards/benefits packages.
The noteworthy findings revealed in the study include:
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