Snap’s Finance Chief Tapped to Help Reinvent Paydays

DailyPay, the fintech making paychecks more flexible, has appointed Snap Chief Financial Officer Derek Andersen to its board of directors, effective June 27, 2025. The move signals the company’s continued evolution from a buzzy earned wage access startup to a serious contender in the enterprise HR-tech space—now armed with veteran financial firepower from one of tech’s biggest players.

Andersen, who’s helped steer Snap through turbulent markets and media transformation, brings decades of finance leadership from giants like Amazon and Fox Interactive Media. His addition to DailyPay’s board comes as the worktech platform scales rapidly, chasing a bigger vision than just early access to earned wages.

“Derek will be a great addition to the board,” said Nelson Chai, Executive Chair of DailyPay. “His depth in finance and strategy across tech and media is second to none.” CEO Stacy Greiner echoed the sentiment, framing Andersen’s arrival as another signal that DailyPay is not just growing—it’s maturing.

DailyPay 2.0: Beyond Early Wage Access

Founded with a mission to give employees real-time access to their earned income, DailyPay is now positioning itself as a broader platform powering “daily opportunities” for financial wellness. That’s more than a feel-good tagline. The company has been on a product blitz, rolling out new features that blur the lines between fintech, payroll tech, and HR services.

In a labor market where half of U.S. workers live paycheck to paycheck, DailyPay’s pitch is compelling: empower workers to access funds when they need them, not on an outdated biweekly schedule. It’s a strategy that appears to be resonating—93% of U.S. employers using DailyPay call it a valuable benefit, according to a recent Arizent study commissioned by the company.

Employers also seem to notice productivity bumps and reduced turnover, making DailyPay a strategic tool in retaining frontline and hourly workers. Not coincidentally, those are the same sectors being reshaped by tech-enabled employment platforms.

Fintech Meets HR-Tech Meets CFO Discipline

Andersen’s arrival comes on the heels of DailyPay’s inclusion on the Forbes Fintech 50 list for 2025, a nod to its market influence and potential. But with the earned wage access space attracting both regulatory scrutiny and copycats—from startups like Even to banking incumbents offering similar functionality—DailyPay’s next chapter will require both innovation and financial discipline.

That’s where Andersen comes in. At Snap, he’s helped navigate a shifting advertising landscape and investor skepticism. At Amazon, he played a pivotal role in scaling the digital video business. In both, he’s had to balance moonshot ideas with fiscal reality—an ideal fit for a fintech straddling the line between disruptor and established platform.

“I’m honored to be joining the DailyPay team,” said Andersen, citing the company’s mission of transforming how people get paid and improving employee financial wellness.

It’s the kind of mission that can win headlines and partnerships alike—but in a competitive fintech market, execution will be everything. With Andersen in the boardroom, DailyPay is betting it has the leadership to pull it off.

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