Tapcheck Raises $225M in Equity and Debt Funding

Tapcheck, a Plano, TX-based on-demand pay provider, raised $225M in Equity and Debt funding.

The round consisted of a $25M Series A extension led by existing investor, PeakSpan Capital, and a $200M credit facility provided by Victory Park Capital.

The company intends to use the funds to expand operations and its development efforts.

Founded in 2019 by entrepreneurial husband-and-wife team Ron and Kayling Gaver, Tapcheck enables workers to access their earned wages before payday, easing the paycheck-to-paycheck strain and in turn, improving employee morale, retention, and productivity. The company partners with companies like Hilton, Planet Fitness, Taco Bell, and Jiffy Lube and has achieved remarkable milestones, including user adoption in the quick-service restaurant (QSR) sector, serving 112,000 McDonald’s employees and enabling over $160M in advance wage disbursement, as well as frontline caregivers working in skilled nursing, home health, and rehabilitation sectors.

FinSMEs

14/04/2025