DailyPay, a NYC-based worktech company and provider of earned wage access solutions, received additional $100M in Credit Commitment from Citi.
DailyPay’s total revolving secured debt facility commitment now stands at $760M, which includes $500M from Barclays, $200M from Citi, and $60M from TPG Angelo Gordon.
The secured credit facility will provide its access to funding to service its roster of clients.
Led by Stacy Greiner, Chief Executive Officer, DailyPay is a worktech company providing earned wage access solutions for employers to build relationships with their employees. Partnering with employers across various industries, from Fortune 500 companies to small businesses, the company offers earned wage access and other products and services to their workers. Users are empowered to take control of their earned pay, enabling them to pay bills on time while avoiding expensive fees associated with overdrafts, credit products, or payday loans.
FinSMEs
25/10/2024