Two-time Pro Bowl selection Dontari Poe of the Atlanta Falcons and Philadelphia Eagles’ cornerback Jalen Mills have made angel investments in DailyPay, a company providing instant wage access for employees.
Mr. Poe was raised by a single mother, and after being selected in the first round of the NFL draft in 2012 started the Poe Man’s Dream Foundation to give needed resources to underserved children. Those resources include introductions to the technology industry, and that led Mr. Poe to invest in socially-minded technology companies.
“I’m excited to invest because it’s helping people get what is owed them quickly,” Mr. Poe said. “Where I grew up, paying bills was always a problem because of waiting for payday. It’s good people can get paid sooner so they can make ends meet.”
Mr. Mills was also raised by a single mother. This is his first investment in a technology startup.
Many Americans live paycheck to paycheck and close to half cannot afford an unplanned $400 expense. Such surprises and high penalties and fees charged by short-term financing companies cause many people to quit. That costs companies too, so DailyPay is marketed to them.