Fundz

DailyPay raised $200M in an asset-backed securitization to expand operations and development efforts, led by Barclays as the bookrunner.

PRIVATEJul 07, 2025

Amount Raised

$200 Million

Round Type

Funding Round

New YorkFinancial ServicesSoftwareFinanceFintech

Investors

CitiMorgan StanleyBarclays

Description

DailyPay has completed a $200M asset-backed securitization of its On-Demand Pay receivables. The funds will be used to expand operations and enhance development efforts. This transaction is a part of DailyPay's strategy to optimize employer-employee relationships. Morningstar DBRS rated the issued notes, and Barclays acted as the lead bookrunner.

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.

Fundz sees it the moment DailyPay raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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DailyPay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.