DailyPay Upsizes Secured Credit Facility to $960 Million
DailyPay announced a $200 million upsizing of its secured credit facility, increasing total committed capacity to $960 million and pushing its total debt financing backed by On-Demand Pay receivables above $1 billion. The expanded facility supports growing demand for DailyPay’s On-Demand Pay platform, which enables employees to access earned wages before payday while helping employers modernize pay practices and improve retention.
With this Expansion, DailyPay Surpasses $1 Billion in Debt Financing Backed by its On-Demand Pay Receivables, Reflecting Continued Growth in Platform Adoption
NEW YORK, Feb. 19, 2026 — DailyPay, the leading On-Demand Pay platform and financial wellness solution, today announced the closing of a $200 million upsizing of its secured credit facility, increasing total committed capacity to $960 million.
The expanded facility supports the sustained growth of DailyPay’s On-Demand Pay platform, which gives employees access to their earned pay while helping employers modernize how they engage and retain their workforce.
“The increase of this credit facility signals strong, continued confidence in DailyPay’s employer-partnered business model,” said Deepa Subramanian, Chief Financial Officer, DailyPay. “DailyPay is among employers’ most-adopted benefits. This funding allows us to support more employees and their employers, and continue modernizing the pay experience.”
The upsized facility, which will help finance additional On-Demand Pay transfers, includes existing lending partners Barclays, Citi, and TPG Credit, and new participants TD Bank Group and Royal Bank of Canada.
With this upsizing, DailyPay now has more than $1 billion in debt financing backed by its On-Demand Pay receivables, including the newly upsized $960 million secured credit facility and the $200 million asset-backed securitization completed in June 2025.
About DailyPay
DailyPay is the leader in On-Demand Pay, trusted by the most forward-thinking employers committed to enhancing their employees’ financial health. Our open technology platform can deliver instant access to earned wages and a robust suite of financial wellness solutions, giving our partners a decisive edge in attracting, engaging, and retaining top talent. We are transforming how the world gets paid so every worker can meet life’s moments with confidence. Learn more at www.dailypay.com/press.
