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DailyPay, Inc. Secures Additional $100 Million Credit Commitment from Citi

Oct 26, 2024

Contract Type

partnership

New YorkFinancial ServicesSoftwareFinanceFintech

Description

DailyPay, Inc. has secured an additional $100 million credit commitment from Citi, leading to a total revolving secured debt facility commitment of $760 million. The funding will enable DailyPay to service its ever-growing roster of clients, including leading employers across various industries.

Company Information

Company

DailyPay

Location

55 Water St

New York, New York, United States

About

DailyPay is the leader in On-Demand Pay, trusted by the most forward-thinking employers committed to enhancing their employees' financial health. Our open technology platform delivers instant access to earned wages and a robust suite of financial wellness solutions, giving our partners a decisive edge in attracting, engaging, and retaining top talent. We are transforming how the world gets paid so every worker can meet life's moments with confidence.

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Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

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