DailyPay Sells Bonds Tied to Fees on Wages That Workers Tap Instantly

DailyPay Sells Bonds Tied to Fees on Wages That Workers Tap Instantly

Fintech company DailyPay Inc. this month sold $200 million of bonds backed by fees tied to the company’s main service, an app that lets workers access pay as soon as they’ve earned it rather than wait for paychecks.

DailyPay completes $200m securitisation to fuel growth

DailyPay secures $200m to grow its on-demand pay services. Stay updated with FinTech news on funding and innovation.

DailyPay Completes Inaugural Asset‑Backed Securitization, Powering Its Mission To Break The Paycheck‑To‑Paycheck Cycle For Millions Of Workers

DailyPay, an industry-leading provider of On-Demand Pay as well as financial wellness solutions, today announced a $200 million asset-backed securitization (ABS) of its On-Demand Pay receivables. This landmark transaction, backed by some of the world’s most prestigious financial institutions, establishes a new asset class and significantly extends DailyPay’s capacity to

DailyPay Completes Inaugural Asset-Backed Securitization, Powering Its Mission To Break The Paycheck-To-Paycheck Cycle For Millions of Workers

DailyPay, a leading provider of On-Demand Pay and financial wellness solutions, has announced a landmark $200 million asset-backed securitization (ABS) of its On-Demand Pay receivables. This DailyPay asset-backed securitization transaction is backed by prestigious financial institutions and establishes a new asset class, significantly expanding DailyPay’s capacity to help employers end the traditional two-week pay cycle. With DailyPay, employers…