DailyPay has closed a $200 million upsizing of its secured credit facility, boosting total committed capacity to $960 million. This expansion supports the continued growth of its On-Demand Pay platform, enabling employees to access earned wages on demand while helping employers strengthen workforce engagement and retention through modern payroll solutions.
Quick Intel
DailyPay's latest financing milestone underscores the market's confidence in its On-Demand Pay model, which allows employees to access earned wages before traditional payday while providing employers with a powerful tool to improve talent attraction, engagement, and retention.
Supporting Platform Growth The upsized credit facility directly funds the scaling of On-Demand Pay transfers, meeting rising demand from employers integrating the solution as a core benefit. By offering instant access to earned wages, DailyPay addresses employee financial wellness needs and helps organizations differentiate in competitive labor markets.
Expanded Lender Participation The transaction includes longstanding partners Barclays, Citi, and TPG Credit, alongside new additions TD Bank Group and Royal Bank of Canada. This diversified support highlights the strength and reliability of DailyPay's receivables-backed financing structure.
Robust Capital Position Combined with the $200 million asset-backed securitization completed in June 2025, DailyPay now commands more than $1 billion in debt financing capacity. This substantial backing positions the company to accelerate platform adoption, innovate financial wellness features, and expand its impact across employer partners and their workforces.
"The increase of this credit facility signals strong, continued confidence in DailyPay's employer-partnered business model," said Deepa Subramanian, Chief Financial Officer, DailyPay. "DailyPay is among employers' most-adopted benefits. This funding allows us to support more employees and their employers, and continue modernizing the pay experience."
About DailyPay
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 can deliver 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.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones—and thrive on the tech pulse.