#USA #New York #DailyPay #Nelson Chai #On-Demand Pay

DailyPay Appoints Nelson Chai as CEO

In a strategic move aimed at further establishing its position in the worktech landscape, DailyPay has announced the appointment of Nelson Chai as its new Chief Executive Officer. With over three decades of experience in the financial and technology sectors, including a significant tenure as Chief Financial Officer at Uber, Chai is set to steer DailyPay into its next phase of growth, focusing on expanding employee financial wellness solutions.

A Leader with Strong Credentials

Nelson Chai brings a wealth of expertise to his new role. Before joining DailyPay, he held key leadership positions at several well-known companies. At Uber, he was instrumental in the financial transformation preceding its initial public offering (IPO). His career also includes notable stints as the CEO of The Warranty Group, President of CIT Group, and CFO roles at both Merrill Lynch and the New York Stock Exchange. This extensive background equips him with unique insights into the evolving needs of consumers and the financial technology landscape.

Chai's appointment was announced on October 1, 2025, and marks a critical juncture for DailyPay as it continues to refine its growth strategy. CeCe Morken, the newly elected Chair of DailyPay's Board, expressed confidence in Chai's leadership, stating that his experience aligns perfectly with the company's objectives.

Focusing on Employee Financial Wellness

DailyPay has emerged as a frontrunner in providing on-demand pay solutions, also known as Earned Wage Access (EWA). This model enables employees to access their earned wages in real-time, offering a significant advantage in enhancing their financial health and stability. As more companies recognize the importance of flexible pay options, DailyPay's platform has proven essential in addressing the needs of frontline workers, resulting in increased employee engagement and retention.

With Chai at the helm, DailyPay aims to leverage growing demand for customized employee benefits, positioning itself as a preferred partner for forward-thinking employers. Chai noted that evolving employee pay structures are not just beneficial for workers—forward-looking companies gain from more engaged and stable workforces, which ultimately enhances their competitive edge.

Acknowledging Previous Leadership

Chai succeeds Stacy Greiner, who has been pivotal in leading DailyPay to significant growth and profitability. Greiner will continue to serve in an advisory capacity, providing insight and guidance during this transition. In her departure message, she expressed pride in the company's achievements and the positive impact it has had on millions of employees.

As DailyPay continues to innovate its offerings and expand its market presence, Chai's leadership is anticipated to accelerate the company's mission of transforming how workers are compensated. By providing immediate access to earned wages and a robust suite of financial wellness solutions, DailyPay is not only helping employees navigate financial challenges but also creating a sustainable model for its partner employers.

The strategy moving forward appears bright, as Chai stated, "We are at the forefront of a growing movement to support companies in providing tailored benefits. This modern approach to pay aligns with employee needs and contributes to a healthier, more engaged workforce."

To explore more about DailyPay and its offerings, visit www.dailypay.com.