DailyPay, Fintech That Rebuffed Chime, Adds Morken to Its Board

DailyPay Inc., a fintech startup that rebuffed takeover interest from Chime last year, named former Headspace Inc. Chief Executive Officer Cecelia “CeCe” Morken to its board.

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 ...