By: 31 January 2024

The investment will create 293 jobs at its Belfast office

New York fintech DailyPay invests £24m into Northern Ireland office

DailyPay, a New York-based paytech, is creating 293 jobs in Northern Ireland in a £24m investment.   

Founded in 2015, DailyPay’s technology platform allows employees to access their money ahead of payday.  

The Belfast office opened in 2021 and 100 jobs are already in place. The remaining roles are expected to be filled by mid-2025.  

With an average salary of £42,500, the new jobs are predicted to deliver £12m to the local economy in additional salaries.  

Two-thirds of the roles are in customer support and the remainder in product and engineering roles. 

The exposure to new technologies should strengthen Northern Ireland’s economy and contribute to the Department for the Economy’s 10x vision growth strategy.  

The investment, its first outside of the US, was secured for Belfast after Invest NI’s US team recommended establishing an office in the country. 

Pictured (L-R) are Ed Zaval, Chief Customer Officer, DailyPay; Mel Chittock, Interim CEO, Invest NI; Paul Hill, MD, DailyPay NI stood in front of a DailyPay logo.

Pictured (L-R) are Ed Zaval, Chief Customer Officer, DailyPay; Mel Chittock, Interim CEO, Invest NI; Paul Hill, MD, DailyPay NI.

Ed Zaval, chief customer officer at DailyPay, said: “Northern Ireland offers a highly attractive investment location as it has a well-educated workforce, a cost-competitive business environment, and excellent support from Invest NI.” 

Mel Chittock, interim chief executive officer of Invest NI, added: “DailyPay has joined a well-established cluster of software development companies who have come to Northern Ireland because of our talent pool, ease of access to the European market, and business-friendly environment.”  

Image: DailyPay / Invest NI  

Josh Poyser
Josh Poyser is a junior editor at FinTech Intel.