175m Series 325m 1b Beltran: DailyPay, which provides software to help workers get paid on their own schedules, continues to raise capital. The company has raised a $175M Series D and $325M in debt funding at a $1B+ valuation, according to an anonymous sourced. DailyPay is among the latest tech startups to aim for a special status that protects it from some of the trappings of private equity firms, as well as some of the side benefits they provide.
The startup is developing software that allows workers to set their own schedules and be billed based on the work they complete. The company has raised $103.5M in equity funding, according to PitchBook , with the most recent $25M coming in 2015. The funding includes convertible debt and a $450M credit facility arranged by J.P. Morgan and Wells Fargo Bank, according to a term sheet reviewed by VentureBeat .
The company has raised $175M in a Series D financing, according to PitchBook, with the most recent $25M coming in 2015. The funding includes convertible debt and a $450M credit facility arranged by J.P. Morgan and Wells Fargo Bank, according to a term sheet reviewed by VentureBeat.
The startup has also raised more than $60M in debt funding at an interest rate of 9 percent for a three-year term, according to PitchBook .
DailyPay is among the latest tech startups to aim for a special status that protects it from some of the trappings of private equity firms, as well as some of the side benefits they provide. In this case, DailyPay is able to remain independent, rather than being sold or merged with a larger company.
DailyPay has raised more than $60M in debt funding at an interest rate of 9 percent for a three-year term, according to PitchBook.
