Latham & Watkins Advises Leading On-Demand Pay Unicorn DailyPay in Upsizing Secured Credit Facility Bringing Total Receivables Financed to Over US$1 Billion

DailyPay, the leading on-demand pay platform and financial wellness solution, has announced the closing of a US$200 million upsizing of its secured credit facility, increasing total committed capacity to US$960 million.

With this upsizing, DailyPay now has more than US$1 billion in debt financing backed by its on-demand pay receivables, including the newly upsized $960 million secured credit facility and the US$200 million asset-backed securitization completed in June 2025.

Latham & Watkins LLP advised Daily Pay in the funding with a deal team led by partners Loren Finegold, Elizabeth Oh, and Haim Zaltzman, with associate Alex Tiller and assistance from Elisa Echavarria. Advice was also provided on regulatory matters by counsel Meghan Carey, with associate Katherine Ryan.