DailyPay Secures $195 Million Credit Facility to Support Long-Term Growth Strategy

New updates have been reported about DailyPay.

DailyPay has strengthened its capital structure with a new $195 million senior secured revolving credit facility that closed on December 30, 2025, providing the company with additional liquidity and flexibility to fund growth initiatives. The facility, for which JPMorgan Chase Bank, N.A. acts as administrative agent and sole bookrunner, is expected to support DailyPay’s expansion as a provider of on-demand pay and financial wellness solutions to employers and their workers, reinforcing its role in reshaping how wages are accessed and paid.

CFO Deepa Subramanian said the credit line will bolster the balance sheet, enhance financial flexibility, and enable targeted investments in future growth, indicating confidence from lenders in the scalability and resilience of DailyPay’s business model. The facility positions DailyPay to further invest in its open technology platform and related financial wellness offerings, which are used by employers seeking competitive tools to attract, engage, and retain talent in a tight labor market. For executives and investors, the transaction underscores that DailyPay can pursue strategic initiatives—such as deeper enterprise penetration, product enhancements, and potential market expansion—without immediate reliance on additional equity, while signaling institutional validation of its role in modernizing the employee pay experience.