DailyPay lands novel funding

DailyPay lands novel funding

The on-demand pay company sourced $200 million from Barclays, Morgan Stanley and Citi through an asset-based securitization to accelerate growth.

DailyPay Completes $200M Asset-Backed Securitization And Delivers On-Demand Pay To More Workers - SuperbCrew

DailyPay secures $200 million through an asset-backed securitization supported by major financial institutions to expand its On-Demand Pay services. The transaction enhances the company’s capacity to help employers offer real-time wage access without altering payroll systems. With nearly $1 billion in total secured financing, DailyPay strengthens its position in the evolving worktech and financial wellness sector. Why a $200 Million Securitizati…