Derek Andersen of Snap Inc. Joins DailyPay's Board for Enhanced Growth and Innovation

DailyPay Welcomes Derek Andersen to Its Board of Directors

DailyPay, a prominent player in the worktech space, has made headlines with the recent addition of Derek Andersen, the Chief Financial Officer at Snap Inc., to its Board of Directors. This strategic appointment, effective June 27, 2025, marks a significant step in DailyPay's journey to revolutionize how employees engage with their compensation and financial wellbeing.

A Wealth of Experience

Derek Andersen joins DailyPay with an impressive track record in financial leadership spanning over a decade. His extensive experience includes pivotal roles at major technology and media companies. Before his tenure at Snap since May 2019, Andersen served as Vice President of Finance at Snap, showcasing his deep understanding of finance within the tech industry. His earlier career saw him contributing to Amazon.com, Inc., where he held diverse responsibilities, culminating in his role as Vice President of Finance supporting the digital video division. Prior to that, he left his mark at Fox Interactive Media, where he held senior roles, including Senior Vice President, Finance and Business Operations for IGN.

Andersen holds a Bachelor of Business Administration from Acadia University and an MBA from the Haas School of Business at the University of California, Berkeley. Additionally, he is a CFA charterholder, which further underscores his commitment to finance excellence.

Driving Change in Financial Wellness

DailyPay’s mission focuses on providing innovative solutions that empower employees to achieve better financial health. By leveraging on-demand pay and financial wellness offerings, DailyPay aims to address challenges faced by millions of Americans who live paycheck to paycheck. Over 50% of the workforce is believed to be in this situation, highlighting the urgent need for effective financial solutions. DailyPay’s research indicates that employees using its services report increased productivity and engagement, with a staggering 93% of surveyed employers affirming the value of DailyPay in their benefits package.

With Andersen's appointment, DailyPay is poised to enhance its offerings even further. Nelson Chai, Executive Chair of DailyPay, expressed optimism about Andersen’s contributions, emphasizing his wealth of experience as a senior executive at various leading technology firms. The leadership at DailyPay believes Andersen's strategic insights will be invaluable as the company continues to innovate its platform and solidify its market position.

Reflection on the Future

Stacy Greiner, CEO of DailyPay, reiterated the excitement surrounding Andersen joining the Board, highlighting his impressive history of driving high-profile companies toward success. Greiner stated, "Derek's vast technology industry insights will be instrumental as we continue to navigate the evolving landscape of payroll solutions and strive for our goal of transforming how employees get paid."

In his acceptance, Andersen remarked, "I am honored to be joining the DailyPay team to further their goal of transforming how people get paid and empowering employees to take control of their financial wellness."

This significant addition to DailyPay's Board not only underscores the company's commitment to growth and innovation but reflects a broader trend in the industry, where financial technology solutions are increasingly seen as essential tools for enhancing employee satisfaction and productivity.

As DailyPay expands its reach and enhances its offerings, the leadership anticipates that the insights provided by Andersen will help shape the future direction of the company, further distinguishing it from its competitors in the crowded fintech landscape. DailyPay continues to be recognized in the industry, having recently made it to the Forbes Fintech 50 list for 2025, a testament to its innovative approach and impact in the financial technology sector.

With strong leadership, innovative solutions, and a mission centered on financial empowerment, DailyPay is well-positioned to lead the charge in redefining employee pay and promoting financial wellness across the globe.