DailyPay secures $175m in debt and equity to tap new markets
The $75 million equity funding valued the NYC-headquartered fintech at $1.75 billion.
The $75 million equity funding valued the NYC-headquartered fintech at $1.75 billion.
The news was announced at the Sibos conference, which is being held in Toronto, Canada, this year.
Through DailyPay, Santander’s clients can provide employees with immediate access to pay as they earn it.
The company will look to boost domestic growth, expand internationally and invest in product innovation.
We chat with Jeanniey Walden, CMO at DailyPay, about the benefits of earned wage access.
The partnership will allow the bank’s clients to give their employees access to earned wages before payday.
$175 million came from its Series D equity round and $325 million was credit capital from various sources.
Featuring Trade Republic, Pine Labs, Figure, DailyPay, and Sunbit.