DailyPay upsizes secured credit facility to $960 million

DailyPay has expanded its secured credit facility to $960 million, strengthening its balance sheet and supporting the continued growth of its on-demand pay platform for employers and employees.

24/02/2026

DailyPay upsizes secured credit facility to $960 million

DailyPay, a leading earned wage access and on-demand pay platform, has announced a $200 million increase to its secured credit facility, bringing total available financing to $960 million. The upsizing reflects strong lender confidence in the company’s business model, asset quality, and ability to scale sustainably as demand for flexible payroll solutions continues to grow. The expanded facility comes amid rising adoption of earned wage access solutions by employers seeking to improve employee financial wellness, retention, and engagement. By enabling workers to access earned pay ahead of traditional payroll cycles, DailyPay addresses liquidity challenges while integrating seamlessly with existing employer payroll systems.

Funding to support growth, scale, and operational resilience

The additional capital will be used to support continued platform expansion, onboard new enterprise employers, and fund increasing transaction volumes across DailyPay’s ecosystem. The strengthened financing structure enhances the company’s liquidity position and provides flexibility to invest in infrastructure, risk management, and product innovation. The participation of both existing and new lending partners highlights growing institutional appetite for payroll-linked fintech assets and secured financing structures backed by predictable cash flows. With this expanded facility, DailyPay is well positioned to accelerate growth while maintaining disciplined capital management and long-term strategic focus.