DailyPay Adds Brett Pitts to Board

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DailyPay, a leading provider of earned wage access, this week announced that Brett Pitts has joined its board of directors. Pitts, an accomplished leader in the banking and payments industries, brings decades of experience to DailyPay from prominent financial institutions and financial services companies where he drove innovation as an executive leader and board member.

With 25 years of experience in banking/financial services and over 30 years in the digital technology space, Pitts most recently served as the head of North American treasury and payments solutions at BMO Financial Group. His responsibilities included cash management, commercial deposits, corporate cards, BMO’s business-to-business B2B digital and payment strategies, and managing the payments infrastructure for the enterprise. Before this role, Pitts served as BMO Financial Group’s chief digital officer leading the bank’s digital portfolio, overseeing the North American virtual channel experiences and operations for digital and the North American customer contact centers.

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DailyPay to Offer Earned Wage Access to Small Businesses Nationwide

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NEW YORK, May 1, 2024 /PRNewswire/ -- DailyPay, a leading worktech company whose clients include America's leading employers, is expanding its capabilities by bringing its industry-leading earned wage access solution to small businesses nationwide. This marks the first time DailyPay will offer its product to all companies with 400 or fewer employees that are integrated with partnering payroll providers.

DailyPay will leverage its existing relationships with some of the world's top workforce management and financial technology companies such as ADP and Acrisure for the new offering. New partners will be announced in the coming months.

Recent research from the U.S. Small Business Administration shows small businesses employ 61.7 million Americans, totaling 46.4% of private sector employees.

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Healthcare & Life Sciences Private Equity Deal Tracker: WindRose Acquires SubjectWell

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WindRose Health Investors has announced its acquisition of SubjectWell.

SubjectWell, founded in 2012 and based in Austin, Texas, is a patient access marketplace that connects people with health conditions to care options. 

WindRose, based in New York, pursues control equity investments in healthcare companies. Founded in 2000, the firm invests in a broad range of industry segments, including outsourced services to payors and health systems, technology-enabled services, healthcare providers and value-added distribution.

Terms of the acquisition were not disclosed.

Apple Vision Pro gains Niantic tech to open up more AR experiences

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Niantic will be supporting the Apple Vision Pro with its 8th Wall Metaversal Deployment, which could make it easier for developers to bring WebAR experiences to Apple's mixed-reality headset.

One of the challenges of app development is to make it work across multiple different hardware and software platforms. With Niantic's announcement on Wednesday, developers keen to bring their VR and AR experiences from other headsets to the Apple Vision Pro now have some assistance.

Niantic's 8th Wall Metaversal Deployment is a platform for experiencing WebAR content. Originally launched in 2021 for smartphones, tablets, and computers, it was updated in 2023 with support for Meta's Quest 3 headset.

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