DailyPay, the leader in On-Demand Pay, has announced a US$200 million asset-backed securitization (ABS) of its On-Demand Pay receivables. The transaction marks DailyPay’s second ABS issuance, following its inaugural US$200 million securitization in June 2025. DailyPay is the only On-Demand Pay provider to access the ABS market.
Latham & Watkins LLP advised DailyPay in the funding with a deal team led by counsel Maeve Chandler and partner Haim Zaltzman, with associates Ananya Hindupur, Josh Gruensfelder, and Elisa Echavarria.
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