DailyPay raised $200M in an asset-backed securitization to expand operations and development efforts, led by Barclays as the bookrunner.
Amount Raised
$200 Million
Round Type
Funding Round
New YorkFinancial ServicesSoftwareFinanceFintechInvestors
Description
DailyPay has completed a $200M asset-backed securitization of its On-Demand Pay receivables. The funds will be used to expand operations and enhance development efforts. This transaction is a part of DailyPay's strategy to optimize employer-employee relationships. Morningstar DBRS rated the issued notes, and Barclays acted as the lead bookrunner.
Quick answer
DailyPay raised $200 Million in a Funding Round round, dated July 7, 2025. Investors: Citi and Morgan Stanley. DailyPay is based in New York, New York, United States.
- How much did DailyPay raise?
- DailyPay raised $200 Million in a Funding Round round on July 7, 2025.
- Who invested in DailyPay?
- Citi and Morgan Stanley are named as investors in this round.
- What does DailyPay do?
- DailyPay is the leader in On-Demand Pay, trusted by the most forward-thinking employers committed to enhancing their employees' financial health.
- Where is DailyPay based and how big is it?
- DailyPay is based in New York, New York, United States. Fundz records about 980 employees.
- Who are the decision-makers at DailyPay?
- Fundz holds 3 contacts at DailyPay. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as DailyPay that raised within 45 days of this round, from Fundz verified event records.
Who to call at DailyPay, and when
A new round usually means DailyPay is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day DailyPay raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at DailyPay, from your own LinkedIn network
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Related People
DailyPay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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