DailyPay Completes Inaugural Asset-Backed Securitization, Powering Its Mission To Break The Paycheck-To-Paycheck Cycle For Millions of Workers
/DailyPay Creates New Asset Class, Closes $200 Million Securitization of its On-Demand Pay Receivables To Support Top Employers In Ending The Archaic Two-Week Pay Cycle
NEW YORK, June 30, 2025 /PRNewswire/ -- DailyPay, an industry-leading provider of On-Demand Pay as well as financial wellness solutions, today announced a $200 million asset-backed securitization (ABS) of its On-Demand Pay receivables. This landmark transaction, backed by some of the world's most prestigious financial institutions, establishes a new asset class and significantly extends DailyPay's capacity to partner with employers in discontinuing the traditional two-week pay cycle.