DailyPay Upsizes Credit Facility to $960 M, Surpassing $1 B in Debt‑Backed Receivables

DailyPay, the on‑demand wage‑access platform that has become a mainstay for employers seeking to modernize payroll, announced on February 19, 2026 that it has increased its secured credit facility by $200 million. The move lifts the total committed capacity to $960 million and brings the company’s cumulative debt financing—secured against earned‑wage receivables—to more than $1 billion.

The expansion follows a $200 million asset‑backed securitization completed in June 2025, a transaction that marked the first large‑scale securitization of DailyPay’s receivables. Together, the two financing tranches underscore a growing investor appetite for the emerging earned‑wage access (EWA) market and signal confidence in DailyPay’s business model, which pairs employee‑centric cash‑flow solutions with employer‑driven retention tools.

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