DailyPay and goHappy Empower Frontline Workers
Deal News | Feb 04, 2025 | Carrick Capital Partners LLC
DailyPay, a worktech firm specializing in earned wage access, has announced a strategic partnership with goHappy, known for frontline employee engagement solutions. The partnership aims to simplify how frontline workers access their earned wages by integrating DailyPay's services with goHappy's text-messaging platform. This collaboration supports the empowerment of employers to enhance the visibility of DailyPay, promoting employee flexibility and financial wellness. Statistics reveal that over half of DailyPay users pick up extra shifts knowing they can access earnings early, substantially reducing late fee payments and credit card interest charges among users. Carrick Capital Partners LLC is the private equity firm backing DailyPay's initiatives.
Sectors
- Worktech
- Human Capital Management
- Financial Services
Geography
- United States – Both DailyPay and goHappy operate within the United States, providing services to American employers and addressing the financial wellness of U.S.-based frontline workers.
Industry
- Worktech – DailyPay operates in the worktech industry, offering solutions for earned wage access, which is a technological approach to improving employees' financial flexibility.
- Human Capital Management – The partnership addresses issues within Human Capital Management by providing tools that enhance employee engagement and retention.
- Financial Services – DailyPay provides financial services by allowing employees early access to their pay, mitigating financial stress and improving overall financial wellness.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DailyPay | Service Provider | Company | DailyPay offers earned wage access solutions, enabling employees to control and access their earned wages pre-payday. |
| goHappy | Service Provider | Company | goHappy specializes in employee engagement solutions, focusing on frontline workers through its text-messaging platform. |
| Carrick Capital Partners LLC | Investor | Company | Private equity firm backing DailyPay's initiatives in advancing financial wellness and workforce engagement technologies. |
| Shawn Boyer | CEO | Person | Founder & CEO of goHappy, advocating for improved frontline workforce retention and engagement. |
| Carly Brush | SVP, HCM | Person | Senior Vice President of Human Capital Management at DailyPay, promoting employer tools for workforce empowerment. |