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DailyPay secures $200 million in asset-backed securitization to enhance its On-Demand Pay funding capacity. This transaction supports growth by enabling more access to earned pay for employees across over 2,000 employers.
PRIVATEOct 08, 2026
Amount Raised
$200 Million
Round Type
Venture
New YorkFinancial ServicesSoftwareFinanceFintech
Investors
Wells FargoScotiabankKeyBancBarclaysBank Of AmericaCiti
Description
DailyPay has completed a $200 million asset-backed securitization of its On-Demand Pay receivables. This move marks its second issuance and aims to expand their funding capacity. The additional capital will support DailyPay's service for employers and millions of employees. This funding underscores the increasing demand for On-Demand Pay as an employee benefit.
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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New YorkFinancial ServicesSoftwareFinanceFintech