Do you ever feel like there could be an easier way to get paid? People get their checks so many ways, whether it’s through cash payment apps or just regular payroll. But here at Bold TV, we are always looking for the next innovation for the job force. In this week’s edition of Featured Entrepreneur, Philip Michael is joined by Jeanniey Walden, the chief innovation and marketing officer of DailyPay, to discuss how her fintech company is helping workers get paid.
What is it?
First, DailyPay takes data from a company to figure out how many hours each employee works. Then, they compile the payroll data on their platform. Finally, you can get your paycheck ahead of payday; you don’t have to worry about being in a last-minute pinch when it comes to money. They also make it easier for the employee to control how they receive their money, making it simple to use.
How does DailyPay work?
DailyPay will set up a fund for your company to give employees their money without putting a damper on the company’s stock price and balance sheet. They take care of it; the company doesn’t have to do a single thing when paying their employees early. This service offers a straightforward cash flow method when it comes to getting paid. It could be the future of payroll.
How does DailyPay sound to you? Let us know in the comments.
