Why is it that, in 2023, we’re nonetheless getting paid on a hard and fast schedule? It appears loopy to me that payroll methods that have been constructed for batch processing on mainframe computer systems nonetheless keep this batch mindset in a world the place the whole lot will be instantaneous. We must always be capable of select the precise cadence of when and the way we need to be paid.
My subsequent visitor on the Fintech One-on-One Podcast is Kevin Coop, the CEO of DailyPay. The group at DailyPay has created the most important Earned Wage Entry (EWA) enterprise on the planet the place workers of DailyPay clients can get early entry to their earned wages at any time when they need. This can be a enormous deal for these individuals residing paycheck to paycheck.
On this podcast you’ll be taught:
- What attracted Kevin to the CEO function at DailyPay.
- Why we’re all nonetheless getting paid on these mounted time durations.
- How DailyPay truly works.
- What their app exhibits workers.
- How usually workers entry their earned wage earlier than payday.
- The completely different options that they supply workers.
- How they combine with the employer payroll methods.
- How these advances are funded.
- The advantages for employers of including DailyPay.
- How DailyPay earns cash.
- How that is bettering the monetary well being of workers.
- How DailyPay is partaking with regulators on the state and federal stage.
- How they’re partnering with the massive payroll suppliers.
- The completely different segments which might be fashionable with DailyPay.
- How Kevin thinks concerning the aggressive moat that DailyPay has constructed.
- The spectacular scale they’re at at present.
- His imaginative and prescient for the way forward for DailyPay.
