DailyPay Appoints Nelson Chai as Executive Chair
Portfolio - People | Jan 08, 2025 | Carrick Capital Partners LLC
DailyPay, a leading worktech platform, announced the appointment of Nelson Chai as the Executive Chair of its board of directors. Chai brings over 30 years of leadership experience, having most recently served as CFO of Uber, where he contributed to its journey to profitability and oversaw a successful IPO. Under the CEO leadership of Stacy Greiner, DailyPay had its most successful year, driven by its mission to empower workers financially and enhance employers' competitiveness. The platform has seen rapid growth and innovation, recently being named to the Deloitte Technology Fast 500 list. Chai's extensive experience in senior roles at notable companies such as Merrill Lynch and CIT Group is expected to bolster DailyPay's mission and foster continued growth.
Sectors
- Technology
- Financial Services
Geography
- United States – DailyPay is headquartered in New York City, and Nelson Chai's career includes roles at major U.S.-based companies, making the U.S. a relevant geographic focus.
- North America – Given DailyPay's recognition in the Deloitte Technology Fast 500, which covers North American companies, it indicates a regional focus on North America.
Industry
- Technology – DailyPay operates as a technology platform providing an earned wage access solution, indicating its primary placement within the Technology industry.
- Financial Services – DailyPay's worktech platform aids in financial wellness for workers, aligning it with the Financial Services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DailyPay | Target Company | Company | A worktech platform providing earned wage access solutions, headquartered in New York City. |
| Carrick Capital Partners LLC | Private Equity Firm | Company | PE firm associated with DailyPay. |
| Nelson Chai | Executive Chair | Person | Recently appointed Executive Chair of DailyPay, with a background as CFO at Uber. |
| Stacy Greiner | CEO of DailyPay | Person | Chief Executive Officer of DailyPay, leading the company's recent successful year. |