DailyPay is a financial technology company that enables real-time access to earned wages, helping workers access pay when they need it most. The company’s platform supports employee financial wellness while improving workforce engagement, retention, and satisfaction.
DailyPay has secured a $200 million asset-backed securitization facility. Barclays acted as lead bookrunner and structuring agent, with Citi and Morgan Stanley serving as joint bookrunners. This brings DailyPay’s total debt financing to nearly $1 billion and strengthens its ability to meet increasing demand for flexible pay options among large enterprise clients.
DailyPay, headquartered in New York, was founded in 2015 by Jason Lee and Rob Law. In 2021, the company joined the unicorn club. With more than 80% of Fortune 200 companies leveraging its platform, DailyPay has emerged as a category leader in on-demand pay. As employers seek modern solutions to support employee financial health, DailyPay’s technology is driving a fundamental shift in how and when workers get paid—bringing greater control, stability, and dignity to the workplace.
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