Morken’s appointment comes ahead of a potential initial public offering, according to a person with knowledge of the matter, though the timing is unclear and it’s possible DailyPay could pursue other alternatives or remain private.
A spokesperson for DailyPay declined to comment on potential IPO plans for the company, which provides workers faster access to their wages.
“DailyPay’s technology empowers users with heightened financial choice and control, which can have a positive impact ...