Tapcheck Raises $225 Million in Equity and Debt Funding

Tapcheck is a leading on-demand pay platform that provides employees with secure, real-time access to their earned wages—at no cost to the employer. By allowing workers to access a portion of their pay before payday, Tapcheck helps reduce financial stress and improve day-to-day cash flow. This benefit not only empowers employees with greater financial flexibility but also drives higher satisfaction and retention for businesses. As a result, Tapcheck has become a valuable tool in modern workforce management.

Tapcheck has raised $225 million in combined equity and debt financing. This latest funding includes a $25 million Series A extension round led by existing investor PeakSpan Capital, and a $200 million credit facility provided by Victory Park Capital. 

Tapcheck, headquartered in Plano, Texas, United States, was founded in 2019 by Kayling Gaver and Ron Gaver. The company operates primarily in the United States, serving businesses across industries such as healthcare, retail, and hospitality with its on-demand pay platform. “We’re thrilled to have the continued support of PeakSpan Capital and the strategic backing of Victory Park Capital,” said Ron Gaver, co-founder and CEO of Tapcheck. “This infusion of capital will further strengthen our capacity to empower employees nationwide and alleviate financial pressure by granting access to earned wages ahead of traditional pay schedules.”

Total
0
Shares
Previous Post

Job&Talent Raises $103 Million at a $1.5 Billion Valuation

Next Post

Synthesia Announces Adobe Strategic Investment

Related Posts

Discover more from Silicon Valley Investclub

Subscribe now to keep reading and get access to the full archive.

Continue reading