← State of Embedded Finance 2026

DailyPay

Can DailyPay own the worker financial wellness stack by embedding on-demand pay, a branded debit card, and global remittances into every major HCM/payroll platform?

Founded2015
HQNew York, NY (55 Water Street, NY 10041)
IndustryFintech / Earned Wage Access
The story

Founded as a pure earned wage access provider, DailyPay has evolved from a simple payroll-advance benefit into a broader worker financial wellness platform. It launched a branded debit card (DailyPay Card, backed by The Bancorp), added international remittance capabilities via Brightwell/Visa Direct, and expanded into the UK through a partnership model with Level Financial Technology. On the capital markets side, DailyPay created a new ABS asset class backed by its EWA receivables and now carries over $1B in debt financing capacity, signaling a shift toward infrastructure-scale operations.

Last 12 months
2024-10
2025-06
2026-01
2026-02
Product timeline
2015
DailyPay founded as an earned wage access (on-demand pay) platform enabling employees to access earned pay before payday.· pivot
2024
Launched International Remittances feature powered by Brightwell's ReadyRemit and Visa Direct.· banking
2024
Expanded into the United Kingdom via partnership with Level Financial Technology Limited.· pivot
2025
Completed inaugural $200 million asset-backed securitization of On-Demand Pay receivables, creating a new asset class.· lending
2025
Launched DailyPay Card, a prepaid/debit card issued in partnership with The Bancorp Bank, N.A.· card
2026
Closed new $195 million senior secured revolving credit facility (JPMorgan Chase as administrative agent).· lending
2026
Upsized secured credit facility by $200 million to $960 million total committed capacity, surpassing $1 billion in debt financing.· lending
Regulated entities
MTL
US (multi-state)
DailyPay, LLC
The stack
Banking / BaaS
The Bancorp Bank, N.A.
Card issuing
The Bancorp Bank, N.A.
Lending
On-Demand Pay / Earned Wage Access (EWA)On-Demand Pay receivables ABS
Sponsor bank
The Bancorp Bank, N.A.
FX & payouts
Brightwell (ReadyRemit)Visa Direct
Accounting gap: minor