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DailyPay, the leading worktech platform for on-demand pay and financial wellness solutions, has appointed Nelson Chai as Chief Executive Officer. Chai, who joined earlier this year as Executive Chairman, brings over three decades of leadership experience from major financial and technology companies, including Uber where he served as CFO and led the IPO.
Chai's appointment follows his role refining DailyPay's growth vision as Executive Chairman. His background in FinTech and consumer markets positions him to enhance offerings for employers and employees, fostering expansion in customized benefits that meet evolving workforce needs.
DailyPay's strategy emphasizes employee financial wellness through On-Demand Pay, enabling frontline workers to access earned wages for improved management and stability. This approach boosts engagement and retention, providing employers a competitive edge amid rising demand for innovative pay solutions.
"As DailyPay's strategy has advanced to encompass employee financial wellness, Nelson is the right leader for this next stage of growth. His experience at the leading edge of FinTech, and his knowledge of consumer markets, will foster further expansion and enhance our ability to deliver new offerings and even greater value for employers and employees alike," said CeCe Morken, newly elected DailyPay Board Chair.
"With mounting demand to evolve employee pay across the global workforce, DailyPay is at the forefront of a growing movement to enable companies to provide specific and customized benefits," said Chai. "Not only is this evolution in pay better meeting employee needs, it's providing direct benefits to forward-looking employers in the form of more engaged and stable workforces, which translates into a meaningful competitive advantage. I'm pleased to lead DailyPay at a time of tremendous opportunity to drive innovation, accelerate growth, and expand our positive impact on the lives of frontline workers."
"I am extremely proud of the category leadership DailyPay has attained through the positive impact we make on millions of employees and the employers who support them, as we continue to lead the evolution of On-Demand Pay. I wish the entire team the very best," Greiner said.
Stacy Greiner, who drove consistent growth and profitability, will continue as an advisor. DailyPay's leadership in earned wage access underscores its role in transforming pay practices for enhanced workforce stability.
DailyPay is the leader in On-Demand Pay, trusted by the most forward-thinking employers committed to enhancing their employees' financial health. Our open technology platform delivers instant access to earned wages and a robust suite of financial wellness solutions, giving our partners a decisive edge in attracting, engaging, and retaining top talent. We are transforming how the world gets paid so every worker can meet life's moments with confidence. Learn more at www.dailypay.com/press.
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