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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.
Amount Raised
$200 Million
Round Type
Venture
New YorkFinancial ServicesSoftwareFinanceFintechInvestors
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.
Fundz sees it the moment DailyPay raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
DailyPay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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