DailyPay, a Korean company offering advance payment services, has recently secured seed funding from Primer. Dedicated to fostering a sustainable business environment for small businesses and SMEs, DailyPay is focused on long-term growth. Its core mission is to create a virtuous cycle by utilizing technology to establish stable cash flows and uncover growth opportunities with its partners.

The company provides advance settlement services to both online and offline businesses. Since its inception in October last year, DailyPay’s advance settlement service, a funding solution based on sales receivables, has demonstrated rapid growth. In just nine months, payment amounts increased by 194% and transaction volumes by 248%. Currently, it serves approximately 23,000 users.

Haewoo Lee, CEO of DailyPay, remarked, “Attracting investment during the recent challenging period for startup funding is profoundly meaningful. DailyPay offers a convenient funding solution for medium and small businesses through simple data connectivity. With this new investment, we plan to refine our real-time data-based credit analysis model and our sales receivable services.”