DailyPay is a more worker-friendly alternative to payday loans.
If you earn more money than you spend, paying bills isn't a big deal. It's annoying when your car breaks down or your sore throat needs antibiotics, but you don't lose sleep over it.
If you're living paycheck to paycheck, on the other hand, even small unexpected expenses can put you in the red. The two weeks between paychecks is an eternity for an hourly worker whose credit card is already maxed out, or who doesn't have one to begin with. Every parking ticket and hospital co-pay is a potential crisis. By the time payday comes, it's too late -- the next crisis has already arrived.
Financial technology startup DailyPay thinks giving people in this situation more frequent access to wages would go a long way toward solving this problem and putting them on the path to financial security.