DailyPay Adds Snap Inc. Chief Financial Officer, Derek Andersen, To Board of Directors

DailyPay Derek Andersen appointment contributes seasoned financial leadership to the board of the company. Andersen has led the tech behemoth through rapid expansion and strategic changes in his role as Chief Financial Officer at Snap Inc. His expertise will now help DailyPay in its mission to transform financial wellness programs and earned wage access.

Driven by its mission to power daily opportunities for workers everywhere to live a better financial life, DailyPay differentiates itself from other competitors with its rapid scale, growth, and profitability. Recently, DailyPay expanded its reach through multiple product and market expansions while continuing to innovate its worktech platform with a number of key new features and solutions.

“Derek will be a great addition to the Board, leveraging his vast wealth of experience as a senior executive at leading technology companies from Amazon and Fox Interactive Media to his current position as the CFO at Snap,” said Nelson Chai, Executive Chair of DailyPay.

“Derek comes to the DailyPay Board with an incredible track record of steering industry-leading, high-profile, disruptive companies to great success,” said Stacy Greiner, Chief Executive Officer, DailyPay. “We look forward to tapping into his decades of technology industry insight as we continue to grow and innovate our worktech platform that is disrupting the way employees get paid and helping businesses modernize their relationship with their employees.”

“I am honored to be joining the DailyPay team to further their goal of transforming how people get paid, and to help empower employees to take control of their financial wellness,” noted Andersen.

Mr. Andersen has served as Chief Financial Officer for Snap since May 2019 and previously served as Vice President of Finance for Snap since July 2018. Mr. Andersen was previously employed at Amazon.com, Inc. from 2011 to 2018, serving in a variety of roles, most recently as Vice President of Finance supporting Amazon’s digital video business.

Prior to Amazon, he served in various roles at Fox Interactive Media, including as Senior Vice President, Finance and Business Operations for IGN, and as Vice President, Finance.

Mr. Andersen holds a B.B.A from Acadia University, an M.B.A from the Haas School of Business at the University of California, Berkeley, and is a CFA Charter Holder.

Earlier this year, DailyPay was named to the Forbes Fintech 50 list for 2025, highlighting innovative companies in the financial technology space.

DailyPay aims to support the financial wellness and security of the millions of Americans living paycheck-to-paycheck—which today stands at more than half the workforce. Research from Arizent commissioned by DailyPay shows that employees with DailyPay in the U.S. are more productive, more engaged, and stay longer on the job. The data also indicates that over 9 in 10 (93%) of U.S. employers surveyed say DailyPay provides a valuable addition to their suite of benefits with 89% of U.S. employers surveyed saying they would recommend DailyPay to peers in the industry.

With the appointment of DailyPay Derek Andersen to its board, the business expands on its success in the digital paytech sector and restates its dedication to strategic innovation.