visimoney
TLDR:
- New York-based fintech company, DailyPay, has chosen Northern Ireland for its first expansion outside the United States, investing £24 million and creating 293 new jobs.
- The company is known for its on-demand pay technology that gives employees control over their earned pay.
DailyPay selected Belfast as its location for expansion, citing the culture, education, and skilled workforce in Northern Ireland as key factors in its decision. The investment was facilitated by Invest NI, which offered support for job roles and advisory support for setting up an office in Northern Ireland.
The Belfast office has already opened and hired 100 staff, with a goal of having all 293 jobs in place by mid-2025. The roles will primarily be in Customer Excellence and product and engineering positions. The new jobs are expected to deliver over £12 million in additional salaries to the local economy.
Officials from DailyPay and Invest NI emphasized the strengths of the workforce and business environment in Northern Ireland, highlighting the talent pool, access to the European market, and business-friendly climate as major attractions for foreign companies.
DailyPay, headquartered in New York City, aims to build a new financial system for employees and employers. The company’s technology platform enables employers to offer on-demand pay to their workers, helping improve employee engagement and retention.
