DailyPay, a leading On-Demand Pay platform and financial wellness solution, has announced the successful closing of a new $195m senior secured revolving credit facility, further strengthening the company’s capital position and supporting its long-term growth strategy.
The new credit facility was finalised on 30 December 2025 and is designed to provide DailyPay with greater financial flexibility as it continues to focus on enhancing and modernising the employee pay experience.
DailyPay offers an open technology platform that enables employers to give employees instant access to earned wages, coupled with a comprehensive suite of financial wellness tools.
The lender group for this facility is being led by JPMorgan Chase Bank, N.A., which serves as the administrative agent and sole bookrunner.
DailyPay Chief Financial Officer Deepa Subramanian said, “This new facility strengthens our balance sheet, enhances our financial flexibility and enables us to make focused investments in our future growth. The additional financing demonstrates the strength and scalability of our business model and validates the critical role DailyPay holds in modernizing the employee pay experience.”
Read the daily FinTech news
Copyright © 2025 FinTech Global
