Tapcheck Receives $225M to Scale AI-Powered Earned Wage Access Platform
By James Dargan · · 1 min read
Tapcheck, a leading provider of on-demand pay solutions, has raised $225 million in combined equity and debt financing to expand its financial wellness platform. The funding includes a $25 million Series A extension led by PeakSpan Capital and a $200 million credit facility from Victory Park Capital.
CEO and co-founder Ron Gaver said the new capital will help Tapcheck “empower employees nationwide and alleviate financial pressure by granting access to earned wages ahead of traditional pay schedules.”
Founded in 2019 by Ron and Kayling Gaver, Tapcheck integrates with nearly 300 payroll systems, providing early wage access to workers across more than 12,000 employer locations. The company has processed over $1 billion in advance wage disbursements and is rapidly expanding its AI capabilities and Mastercard offering.
