- 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.
