FF News Logo
Wednesday, February 04, 2026
MPE x FFNews

DailyPay Announces New $195 Million Senior Secured Revolving Credit Facility

DailyPay, the leading On-Demand Pay platform and financial wellness solution, today announced the closing on December 30, 2025 of a new $195 million senior secured revolving credit facility, further strengthening the company’s capital position and providing greater financial flexibility to support long term growth.

“This new facility strengthens our balance sheet, enhances our financial flexibility and enables us to make focused investments in our future growth,” said Deepa Subramanian, Chief Financial Officer, DailyPay. “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.”

JPMorgan Chase Bank, N.A. serves as administrative agent and sole bookrunner for the lender group.

People In This Post

Companies In This Post

  1. Why Hybrid Cloud is Becoming the Backbone of Modern Banking Read more
  2. ING: Learning Before Scaling AI at Speed Read more
  3. Finance Platform LemFi Launches Remittance Services in Australia as Global Expansion Continues Read more
  4. Prosus Ventures backs Qureos to slash time-to-hire across MENA Read more
  5. Chase Enters Insurance Market With Launch of Insurance Bundle for U.K. Consumers Read more
Digital Transformation in Insurance x FFNews