DailyPay Strengthens Financial Position with $195 Million Credit Facility

DailyPay Secures a New $195 Million Credit Facility

On January 5, 2026, DailyPay, a leader in the On-Demand Pay sector and a provider of financial wellness solutions, announced the successful closing of a $195 million senior secured revolving credit facility. This significant development not only bolsters the company’s financial strength but also positions it favorably for future growth initiatives. The closing occurred on December 30, 2025, and is seen as a strategic move to enhance the company's capital position.

DailyPay's Chief Financial Officer, Deepa Subramanian, emphasized the importance of this credit facility, stating, "This new facility strengthens our balance sheet, enhances our financial flexibility, and enables us to make focused investments in our future growth." This financing illustrates the strength and scalability of DailyPay’s business model, further validating the crucial role the company plays in transforming and modernizing the employee payment experience.

Moreover, the credit facility is expected to provide DailyPay with the flexibility needed to pursue various business opportunities and investments aimed at expanding its product offerings. The company is known for its innovative technology platform that delivers instantaneous access to earned wages for employees, thereby enhancing their financial wellness.

DailyPay utilizes advanced technology to deliver a robust suite of financial wellness solutions that cater to the needs of forward-thinking employers. These associations not only help in improving employees’ financial health but also give companies a competitive edge in recruiting, engaging, and retaining top talent.

The administrative agent for the lender group, JPMorgan Chase Bank, N.A., served as the sole bookrunner for the new credit facility. This partnership further marks a solid move towards ensuring that DailyPay can maintain and enhance its operations.

With the additional financing from this credit facility, DailyPay is poised for accelerated growth, reinforcing its commitment to provide services that ensure every worker can meet the essential financial demands of life with confidence and security. The company aims to continue leading the way in the on-demand pay experience, transforming how wages are disbursed across various industries.

In conclusion, DailyPay's new $195 million credit facility is a game-changer that not only solidifies its financial base but also empowers the company to innovate and expand its offerings in the realm of employee payment solutions. As the demand for flexible compensation continues to rise, DailyPay's strategic financing is a strong indicator that the company is ready to meet this demand head-on and elevate the standards of financial wellness in the workplace.

For more information about DailyPay and its services, please visit DailyPay's press site.

In short, this credit facility may prove to be a pivotal aspect of DailyPay's growth strategy, allowing it to enhance its technological capabilities and broaden its reach within the financial wellness sector.