DailyPay raises $500 million, including a $175 million Series D led by Carrick Capital Partners
On May 18, 2021, New York-based DailyPay announced $500 million of capital: a $175 million Series D equity round led by Carrick Capital Partners with participation from existing investors, plus $325 million of credit capital from various sources. Carrick was a new investor and joined DailyPay's board of directors.
DailyPay provides on-demand pay technology that lets employees of large employers access or save their pay as they earn it. The company said it would use the capital to pursue new market opportunities for its platform, including merchants and financial institutions, and to extend its position in on-demand pay. Carrick lists DailyPay among its current investments.
