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Tue, May 18, 2021, 1:26 PM
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Jason Lee, DailyPay Founder & CEO joins the Yahoo Finance Live panel with the latest on the on-demand pay platform.
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ZACKFINANCE GUZMAN:SPORTS WelcomeENTERTAINMENT back to Yahoo LIFE FinanceSHOPPING Live. In
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today's startup spotlight, we're taking a look at the intense Search for news, symbols or companies battle that businesses are currently finding themselves in for Finance
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record amount of job openings here in the US. When we look at that, in a very intense battle to fill those openings and entice workers. Employers are not just upping what their employees are paid, but how they are paid with flexible new services.
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And one of those services, DailyPay, lets users tap paychecks in real time so they don't have to wait for payday to roll around. The company just closed a $175 million series D funding round. And for more on that, happy to welcome into our starting spotlight segment here, DailyPay's founder and CEO Jason Lee joins us right now. And Jason, congrats on the round. Good to be chatting with you here. You work with some big names-- McDonald's, Kroger, and some other ones out there. But what are you seeing in terms of those companies and others trying to use your services to attract new talent? JASON LEE: Sure, well, Zack, thanks for having me today. Super appreciative that you've had me on here. Maybe just by way of background, DailyPay is the New York-based technology company. And we build software. We work with enterprises, Fortune 500 companies in just about every industry that you can imagine. And very simply, we enable their employees to control the timing of when they get paid. What we've been able to determine is based on our research, something like one out of every two, call it 53% of current job seekers are actually looking for a job that pays daily. And that should be no surprise kind of emerging from COVID. And so, as we work with the largest enterprises in the country, what we've determined is that offering an on-demand pay benefit is highly differentiated in terms of their ability to attract, retain, and recruit great talent.
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