DailyPay Adds Snap Inc. Chief Financial Officer, Derek Andersen, To Board of Directors

Derek Andersen appointment contributes seasoned financial leadership to the board of the company. Andersen has led the tech behemoth through rapid expansion and strategic changes in his role as Chief Financial Officer at Snap Inc. His expertise will now help DailyPay in its mission to transform financial wellness programs and earned wage access.

Driven by its mission to power daily opportunities for workers everywhere to live a better financial life, DailyPay differentiates itself from other competitors with its rapid scale, growth, and profitability. Recently, DailyPay expanded its reach through multiple product and market expansions while continuing to innovate its worktech platform with a number of key new features and solutions.

“Derek will be a great addition to the Board, leveraging his vast wealth of experience as a senior executive at leading technology companies from Amazon and Fox Interactive Media to his current position as the CFO at Snap,” said Nelson Chai, Executive Chair of DailyPay.

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DailyPay Completes Inaugural Asset-Backed Securitization, Powering Its Mission To Break The Paycheck-To-Paycheck Cycle For Millions of Workers

DailyPay Creates New Asset Class, Closes $200 Million Securitization of its On-Demand Pay Receivables To Support Top Employers In Ending The Archaic Two-Week Pay Cycle

NEW YORK, June 30, 2025 /PRNewswire/ -- DailyPay, an industry-leading provider of On-Demand Pay as well as financial wellness solutions, today announced a $200 million asset-backed securitization (ABS) of its On-Demand Pay receivables. This landmark transaction, backed by some of the world's most prestigious financial institutions, establishes a new asset class and significantly extends DailyPay's capacity to partner with employers in discontinuing the traditional two-week pay cycle.

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PostSig Wins WatersTechnology Award for Most Innovative Market Data Initiative

SAN FRANCISCO, June 6, 2025 (Newswire.com) - PostSig, the AI-native Contract Performance Management (CPM) platform that transforms post-signature agreements into actionable insights, is proud to announce it has been named the Most Innovative Market Data Initiative at the prestigious WatersTechnology Awards 2025. This award honors PostSig's industry-defining innovation in using AI to transform contract management, helping capital markets firms maximize the value of their vendor agreements, from technology to market data contracts.

This award is a clear signal that we're meeting a deep need in the industry," said Hendrik Bartel, CEO and Co-Founder of PostSig. "We launched the platform just last year, but our team brings decades of experience building enterprise software-and we've been AI-native from day one. Vendor and technology agreements are just the start. Capital markets teams are asking for better ways to manage risk, compliance, and performance across all critical contract types. That's exactly what we're delivering."

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Freight startup Warp gains $10 million in VC

The Los Angeles-based middle-mile freight service provider Warp has landed $10 million in venture capital backing and says that funding will support the launch of its first fully robotic cross-dock facility.

Warp plans to combine that cross-deck with a rapid expansion of its artificial intelligence (AI) systems, allowing it to automate the entire freight lifecycle, from inbound receiving and dimensioning to smart sortation and outbound dispatch. Warp is already deploying AI across routing, pricing, scheduling, visibility, and customer service functions

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How Warp is introducing robots to automate its network of warehouses

Warp was founded in 2021 to help companies streamline their shipping supply chains and reduce costs through its tech-enabled network of shippers, carriers, and warehouses.

Now, it wants to make supply chains further efficient by using robots to automate its web of warehouses.

Daniel Sokolovsky, the co-founder and CEO of Warp, told TechCrunch that Warp is always looking for ways to make shipping more efficient for its customers, which include enterprises like Walmart, Gopuff, and HelloFresh. With the advancements in AI, the company thought there could be more opportunities to automate.

Warp can’t automate the long-haul trucking or short-range delivery aspects of the supply chain, Sokolovsky said, so it’s working on what it can potentially change: the workflows inside its warehouses.

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