Worktech DailyPay Completes Asset-Backed Securitization, Aims to Break Paycheck-To-Paycheck Cycle for Workers

DailyPay, a provider of On-Demand Pay as well as financial wellness solutions, announced a $200 million asset-backed securitization (ABS) of its On-Demand Pay receivables. This transaction, backed by some of the world’s financial institutions, establishes “a new asset class and extends DailyPay’s capacity to partner... Read More