DailyPay Completes Inaugural Asset-Backed Securitization, Powering Its Mission To Break The Paycheck-To-Paycheck Cycle For Millions of Workers
Summary
DailyPay announced a $200 million asset-backed securitization backed by its on-demand pay receivables. The company said the transaction expands its capital capacity and supports continued growth with employers. It also highlighted strong investor demand and positioned the deal as a first for its industry. DailyPay said the new funding will help it accelerate adoption of on-demand pay and financial wellness solutions.
Funding
Amount
$200.0M
Total raised
Date
June 30, 2025
Announcement date
Investors
Latham & Watkins
Lead investors
Company
http://www.dailypay.com
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
SaaS
FinTech Software
Payroll Software
Linked Companies
DailyPay
$10M to $25M