DailyPay, a worktech company offering On-Demand Pay and financial wellness solutions, has appointed Nelson Chai as its new Chief Executive Officer. Chai, who joined the company earlier this year as Executive Chairman, brings over 30 years of executive experience at major financial and technology firms. His previous roles include CFO of Uber, where he led the company’s IPO, CEO of The Warranty Group, President of CIT Group, and CFO of both Merrill Lynch and the New York Stock Exchange.
CeCe Morken, newly elected Chair of DailyPay’s Board, said, “Nelson is the right leader for this next stage of growth. His experience at the leading edge of FinTech, and his knowledge of consumer markets, will foster further expansion and enhance our ability to deliver new offerings and even greater value for employers and employees alike.”
Chai succeeds Stacy Greiner, who guided DailyPay through a period of strong growth and will continue as an advisor. Commenting on his appointment, Chai stated, “With mounting demand to evolve employee pay across the global workforce, DailyPay is at the forefront of enabling companies to provide specific and customized benefits.” He added, “I’m pleased to lead DailyPay at a time of tremendous opportunity to drive innovation, accelerate growth, and expand our positive impact on the lives of frontline workers.”