DailyPay completes second securitization with Wells Fargo as co-manager

DailyPay announced completion of its second asset-backed securitization of On-Demand Pay receivables, totaling USD 200 million. Wells Fargo served as a co-manager alongside KeyBanc and Scotiabank. Citi was lead bookrunner and structuring agent, while Bank of America and Barclays were joint bookrunners. The issuance total does not represent Wells Fargo’s investment or lending exposure.