DailyPay, a leading on-demand pay platform, has closed a $200 million upsizing of its secured credit facility, bringing total committed capacity to $960 million. The expansion includes existing lending partners Barclays, Citi and TPG Credit, alongside new participants TD Bank Group and Royal Bank of Canada. The upsizing pushes DailyPay's total debt financing backed by on-demand pay receivables past $1 billion, including a securitisation completed in June 2025. The facility will finance additional on-demand pay transfers as the platform continues growing. DailyPay's platform allows employees to access earned wages before payday whilst helping employers improve workforce engagement and retention. Chief financial officer Deepa Subramanian said the expansion reflects strong confidence in the company's employer-partnered business model.

DailyPay announces appointment of Jennifer R. Jackson to its BOD. Former Walmart and Capital One executive brings deep financial services and consumer expertise February 19, 2026 DailyPay, the leading On-Demand Pay platform and financial wellness solution, today announced the appointment of Jennifer R. Jackson to its Board of Directors, effective February 13, 2026. "Jennifer is a strong addition to DailyPay's Board," said Nelson Chai, Chief Executive Officer, DailyPay. "She brings deep experience leading global retail and financial services organizations, pairing strategic discipline with innovation and a strong focus on the customer." Most recently, Jackson served as Senior Vice President of Merchandising at Walmart U.S., leading one of the company's multi-billion dollar retail and eCommerce portfolios. Earlier in her career at Walmart, she served as SVP of Enterprise Strategy and Innovation. Prior to Walmart, Jackson spent nearly a decade at Capital One, holding executive P&L roles. As President of Capital One Canada, she led the multi-billion dollar credit card business through crises and digital transformation. In the U.S., she managed credit card portfolios, and oversaw enterprise-wide capabilities in customer experience, payments, and risk, managing regulatory exams and pioneering agile tech integrations. "DailyPay is delivering meaningful value at the intersection of work and pay," said Jennifer R. Jackson. "I'm looking forward to partnering with the Board and leadership team and bringing my experience to support the company's next phase of growth." Jackson holds a doctorate in chemical engineering from Carnegie Mellon University and a bachelor's degree in chemical engineering from Yale University.