DailyPay is a leading financial technology company that provides on-demand pay solutions for enterprises. Its platform connects more than 120,000 employees to their employers and empowers them to control their finances.
DailyPay has secured $175 million in Series D funding and $325 million in debt financing. The investment allows the company to fuel growth domestically, expand internationally and further invest in product innovation.
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Investors
DailyPay is a software company that allows employees to control when they are paid. It has partnered with businesses such as Walmart, United Parcel Service, and Adecco. It currently has more than 120,000 workers on its platform and pays them nearly $500 million every year. Its goal is to negotiate better pay arrangements with large employers. The company recently closed a $175 million Series D round and $325 million debt financing. Its current valuation is $1B+.
The new funding was raised to fuel growth domestically, expand internationally and further invest in product innovation. The capital was divided into revolving credit facility capacity provided by Barclays and Angelo Gordon and new term loan funding from SVB Capital and a fund managed by Neuberger Berman. Latham & Watkins LLP advised DailyPay on these transactions. The investment is expected to be used to support growth and continue its leadership position as a provider of on-demand pay services to the largest companies in the world.
Financials
Dailypay series 325m 1b beltran barrononline is a software company that provides on-demand payroll. Its employees control when they are paid, and the platform allows them to negotiate better pay arrangements with large employers. The company employs more than 120,000 people and pays them nearly $500 million per year. Its primary goal is to negotiate more effective pay agreements with large corporations, such as Walmart, United Parcel Service and Adecco. Its funding rounds include $175M Series A and $325M debt investment. Its current valuation is $1B+. FT Partners serves as its exclusive financial advisor. Its latest round of funding is led by Carrick Capital Partners with participation from existing investors.
