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DailyPay secures $175m in debt and equity to tap new markets
BankingBusinessFinTech
Less than 1 min.Read

DailyPay secures $175m in debt and equity to tap new markets

Laura M
By Laura M
  • US fintech DailyPay raises $75 million in equity financing from new and existing investors.
  • DailyPay secures a $100 million expansion of its credit facility, with Citi joining Barclays and TPG Angelo Gordon.
  • The total revolving debt facility now stands at $660 million.
  • Headquartered in NYC, DailyPay offers on-demand pay solutions for corporates like BMO and Santander.
  • The latest equity raise values DailyPay at $1.75 billion, a 75% increase on a pre-money basis.
  • The funds will be used to accelerate product development and expand into new markets.

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