DailyPay Secures $300 Million Credit Facility From Barclays in a Landmark Deal for the On-Demand Pay Industry

Deal Represents New Standard for the Industry NEW YORK, March 17, 2022 /PRNewswire/ -- DailyPay, a leading technology platform, today announced it has secured a $300 million revolving credit facility from Barclays. The revolving credit facility will provide DailyPay access to significant capital to service its ever-growing roster of partners, which includes Americas leading employers. "This deal signals a first for our industry, and pioneers a new asset class," said Ghani Iberraken, Vice President of Capital Markets, DailyPay. Partnering with Americas best-in-class employers, including Dollar Tree, Berkshire Hathaway and Adecco, DailyPay is the recognized gold standard in on-demand pay. Through its massive data network, proprietary funding model and connections into over 6,000 endpoints in the banking system, DailyPay works to ensure that money is always in the right place at the right time for employers, merchants and financial institutions.