{"id":57284,"date":"2026-02-19T05:13:26","date_gmt":"2026-02-19T10:13:26","guid":{"rendered":"https:\/\/www.dailypay.com\/press-center\/press-releases\/dailypay-upsizes-secured-credit-facility-to-usd960-million\/"},"modified":"2026-02-19T05:13:26","modified_gmt":"2026-02-19T10:13:26","slug":"dailypay-upsizes-secured-credit-facility-to-usd960-million","status":"publish","type":"post","link":"https:\/\/www.dailypay.com\/press-center\/press-releases\/dailypay-upsizes-secured-credit-facility-to-usd960-million\/","title":{"rendered":"DailyPay Upsizes Secured Credit Facility to $960 Million"},"content":{"rendered":"

NEW YORK, Feb. 19, 2026 \/PRNewswire\/ — DailyPay<\/u><\/a>, the leading On-Demand Pay platform and financial wellness solution, today announced the closing of a $200 million upsizing of its secured credit facility, increasing total committed capacity to $960 million.<\/p>\n

The expanded facility supports the sustained growth of DailyPay's On-Demand Pay platform, which gives employees access to their earned pay while helping employers modernize how they engage and retain their workforce.<\/p>\n

"The increase of this credit facility signals strong, continued confidence in DailyPay's employer-partnered business model," said Deepa Subramanian, Chief Financial Officer, DailyPay. "DailyPay is among employers' most-adopted benefits<\/u><\/a>. This funding allows us to support more employees and their employers, and continue modernizing the pay experience."<\/p>\n

The upsized facility, which will help finance additional On-Demand Pay transfers, includes existing lending partners Barclays, Citi, and TPG Credit, and new participants TD Bank Group and Royal Bank of Canada.<\/p>\n

With this upsizing, DailyPay now has more than $1 billion in debt financing backed by its On-Demand Pay receivables, including the newly upsized $960 million secured credit facility and the $200 million asset-backed securitization<\/u><\/a> completed in June 2025.<\/p>\n

About DailyPay
\n<\/strong>DailyPay is the leader in On-Demand Pay, trusted by the most forward-thinking employers committed to enhancing their employees' financial health. Our open technology platform can deliver instant access to earned wages and a robust suite of financial wellness solutions, giving our partners a decisive edge in attracting, engaging, and retaining top talent. We are transforming how the world gets paid so every worker can meet life's moments with confidence. Learn more at www.dailypay.com\/press<\/u><\/a>.<\/p>\n

Media Contacts
\n<\/strong>Samantha Padilla
\nsamantha.padilla@dailypay.com<\/u><\/a><\/p>\n

Julia Carr
\njulia.carr@dailypay.com<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Feb. 19, 2026 \/PRNewswire\/ — DailyPay, the leading On-Demand Pay platform and financial wellness solution, today announced the closing of a $200 million upsizing of its secured credit facility, increasing total committed capacity to $960 million. 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