NEW YORK, June 6, 2017 /PRNewswire/ -- DailyPay, a financial solutions company that reduces employee turnover through instant access to wages, announced the addition of two high profile angel investors: Dontari Poe, defensive tackle for the Atlanta Falcons and two-time Pro Bowler, and Jalen Mills, cornerback for the Philadelphia Eagles. The athletes, who are represented by Omar Sillah of Spectra Management Advisors, are passionate about investing in technology that empowers underserved Americans to take control of their financial well-being.
The players' backgrounds and current non-profit endeavors attracted them to DailyPay. Poe was raised in Memphis, Tennessee by a single mother. After being drafted in the first round into the NFL in 2012, he started the Poe Man's Dream Foundation to give underserved middle and high school students opportunities and resources to succeed. Part of the foundation involves introducing high school students to the tech industry, which led Poe to begin investing in socially-minded tech companies. Mills was raised by a single mom in the Dallas, Texas area. He was drafted by the Eagles in 2016 from Louisiana State University. DailyPay is Mills' first tech startup investment.
"I'm excited to invest because it's helping people get what is owed them quickly," said Dontari Poe. "Where I grew up, paying bills was always a problem because of waiting for payday. It's good people can get paid sooner so they can make ends meet."
Mills added, "Growing up, it was just me, my brother, and my mom. I remember my mom having to juggle around bills and pay late fees just to put food in the refrigerator. I wish we had DailyPay back then."
"We're thrilled to have Dontari and Jalen become a part of the DailyPay team. They both clearly share our vision to use cutting edge technology to profoundly improve everyday American workers' financial lives," said Jason Lee, founder and chief executive officer, DailyPay. "They are not just highly accomplished, professional athletes, but are heroes in their communities and their humble backgrounds are similar to many of our employee customers."
Seventy percent of Americans live paycheck to paycheck and 47 percent cannot afford a $400 unplanned expense. When employees can't pay their bills on time and have to suffer exorbitant late fees, they quit in search of a new job. According to the SHRM, employee turnover costs companies up to $4,000 per employee. DailyPay's mission is to help companies reduce turnover by mitigating their employees' financial hardships. By being able to access earned wages before the scheduled payday, an employee can pay his bills on time and ultimately achieve financial security at his place of employment.
For more information, please visit trydailypay.com.
DailyPay is a technology company dedicated to reducing employee turnover by improving the financial lives of employees. Based in New York, DailyPay's technology enables employees to receive their unpaid earnings before their regularly scheduled payday. Founded in 2015 by Jason Lee and Robert Law, DailyPay is helping hundreds of companies reduce employee turnover and improve their bottom line profit.
JCUTLER media group