Data shows the average DailyPay user accesses the system approximately one time per week and 94% of employee users self-report they use the product to pay their bills on time, significantly reducing the cycle of bank fees, which gives them the first step toward financial security. Companies are recognizing that real time access to earned wages improves employee retention, satisfaction and attendance, and also a 40% reduction in voluntary turnover when DailyPay is offered. In 2016, 1% of the nearly 70 million American hourly workers had access to DailyPay, and by the end of 2017 that number grew to 5%. The company expects to scale its operations in response to demand among mid-cap and enterprise companies in a host of industries, including retail, healthcare and services.

https://www.benzinga.com/pressreleases/18/02/p11207609/dailypay-announces-9-million-in-series-b-funding