Fintech DailyPay Is Now Considered a Unicorn

Fintech DailyPay Is Now Considered a Unicorn

Fintech DailyPay, a company that develops software that gives employees flexibility over when they get paid, earns $175 million in a Series D round and $325 million in debt financing, according to a source (Luisa Beltran/Online). Barron’s

DailyPay, a company that develops software that gives employees flexibility over when they get paid, earns $175 million in a Series D round and $325 million

A fintech company called DailyPay, which enables employees to get their wages in real time, has raised $500 million in funding dailypay 175m series 325m c.

According to a release, the $500 million includes a $175 million Series D headed by Carrick Capital Partners in which previous investors like RPM Ventures took part. According to a person familiar with the situation, the round valued DailyPay at over $1 billion, elevating the fintech to unicorn status.

Workers can choose when they get paid thanks to the software company DailyPay. $175 million Series A investment and $325 million in debt are increased. The agency costs $1 billion or more as of the time of writing.

Entrepreneur Jessica Mah has experienced outstanding success with her company from its inception. It has partnered with a wide range of businesses, including Walmart, United Parcel Service, and the leading recruiting firm Adecco.

Over 100,000 people are employed by DailyPay, who will pay them nearly $500 million annually. Its main priority is to negotiate better pay arrangements with large businesses.

According to Jessica Mah, CEO of DailyPay, the company is creating a new generation of professionals and giving them the tools to control their financial future. Over 200,000 employees are being linked up with their companies, and we are building a platform that enables both parties to make better financial decisions.

In its May 2017 financing round, the agency raised $71M. This time, it has gone beyond $200M. To finance its boom, it raised a substantial amount of money in December 2017.

dailypay 175m series 325m Barrononline

My interest was piqued when I just came across the Dailypay m series m Barrononline website and saw that they may help me earn money by completing surveys.

But after little investigation, I learned that this website is nothing more than a con. You won’t get paid for doing surveys, and they’ll also try to upsell you on things you don’t need.

I would advise staying away from this website entirely. There are plenty more reliable survey sites available that will compensate you for your time. Barrononline’s Dailypay m series is a waste of time.

When trying to identify a ponzi scheme, there are a few essential indicators to watch out for. First, determine whether the investment offers guaranteed or disproportionately high returns. Returns that look too good to be true usually are.

If the business is not registered with the SEC, that is another warning sign. The SEC registration requirement applies to all reputable investing firms.

Additionally, you need to be cautious of businesses that want significant deposits up front. Ponzi schemes frequently need investors to make a sizable initial investment before they may begin receiving any returns.

It’s advised to avoid the investment if you notice any of these warning signs. The likelihood of it being a ponzi scheme is high.

How to stop becoming

You can take a few steps to protect yourself from con artists. First, make sure you only do business with trustworthy companies. Make sure a company is reputable by doing some research if you have any doubts.

Second, be wary of any business that requests personal information right away. Some con artists use reputable businesses as cover to obtain your personal information. Make sure to only divulge personal information to businesses you are confident in.

Third, be alert for any warning signs. Something is probably genuine if it looks too good to be true. Any business that makes exaggerated guarantees or claims should be avoided.

You ought to be able to prevent getting conned if you adhere to these recommendations. However, if you ever find yourself in a circumstance where you believe you may have been a victim of fraud, get assistance from your local consumer protection agency or the Better Business Bureau.