DailyPay, which provides software that lets workers control when they get paid, raises $175M Series D and $325M in debt funding, source says at a $1B+ valuation (Luisa Beltran/Barron’s Online)

DailyPay, which provides software that lets workers control when they get paid, raises $175M Series D and $325M in debt funding, source says at a $1B+ valuation (Luisa Beltran/Barron’s Online)

DailyPay, a fintech that helps workers access their wages in real time, has raised $500 million in capital.

The $500 million includes a $175 million Series D, led by Carrick Capital Partners; existing investors, including RPM Ventures, participated, a statement said. The round valued DailyPay at over $1 billion, giving unicorn status to the fintech, a person familiar with the matter said.