Tapcheck, a Texas-based startup, just secured $225 million in fresh funding to make payroll more flexible for employees across the U.S. The deal includes a $25 million equity extension led by PeakSpan Capital and a $200 million credit facility from Victory Park Capital. This investment signals strong belief in Tapcheck’s mission to bring early wage access to the mainstream.
The company will use the funding to enhance its AI tools, grow its Mastercard program, and bring its earned wage access (EWA) platform to more workers. Tapcheck wants to help millions get their pay when they need it—not just on payday.
Founders Turn Frustration Into a Fix for Payroll Gaps
Tapcheck isn’t your average fintech story. It was co-founded by husband-and-wife duo Ron and Kayling Gaver. Ron began his career in Israel and later transitioned into U.S. real estate, where he handled large financial deals and workforce management. Kayling, on the other hand, spent over 20 years in payroll technology. She became an expert in connecting HR and payroll systems.
Together, they’ve built multiple companies. Their last venture scaled to over $30 million in annual revenue. But while growing that business, they often struggled with managing payroll. They saw firsthand how delayed payments hurt team morale and led to high turnover. These experiences fueled the idea for Tapcheck.
During a dinner with friends, the topic of financial stress between paychecks came up. Drawing from their past, Ron and Kayling realized they could solve that problem. That night, the concept of Tapcheck was born—a tool that lets workers access the money they’ve already earned, without waiting for payday.
Helping Workers Get Paid on Their Terms
More than three out of four Americans live paycheck to paycheck. Most of them want early access to their wages, but very few employers offer that option. Tapcheck fills this gap by offering earned wage access with no cost to employers.
Its platform connects with over 300 payroll and time systems, providing real-time access to wages. Employees can use the service to avoid late fees, payday loans, and unnecessary financial stress. For businesses, the benefit is clear—higher retention, better morale, and lower turnover costs.
According to Tapcheck, employers using the service report up to a 50% increase in retention. About 70% of employees say it helps reduce their financial stress. That’s a win on both sides.
Widespread Use in Key Sectors
Tapcheck has already made a major impact in industries like hospitality, healthcare, and food services. Brands such as Hilton, Planet Fitness, Taco Bell, and Jiffy Lube rely on its platform. The company has served over 112,000 McDonald’s workers, delivering more than $160 million in early wage payments.
Overall, the platform has helped distribute over $1 billion in early wages and now supports more than 12,000 employer locations. Its reach also extends to home health and nursing sectors, where flexible pay is especially important.
Why Tapcheck Stands Out
Many existing wage access tools fall short. Some charge high interest rates. Others offer poor customer service or lack real-time features. Tapcheck takes a different approach. Its founders designed the platform based on empathy and lived experience. The system supports fast payments, smooth integrations, and human support.
Ron and Kayling didn’t just build a financial app—they created a solution to a common workplace problem. Their background helped them understand what both employees and employers need, and they’ve translated that into a product that actually works.
Looking Ahead: A New Era for Payroll
Tapcheck is more than a tool. It’s becoming a movement in the payroll world. The company is focused on building a system where workers don’t have to wait to access what they’ve already earned. With solid investor backing and strong momentum, it’s on track to reshape how businesses handle pay.
“Tapcheck empowers employees and reduces financial pressure,” said CEO Ron Gaver. “We’re proud to bring early wage access to more people and build a system that works for everyone.”
Investors agree. PeakSpan’s Jack Freeman said the founders have built “game-changing products” and grown the company 20x in three years. Victory Park Capital’s Jason Brown added that Tapcheck is “setting a new standard” in how employees manage their earnings.
With momentum on its side, Tapcheck is redefining payroll—making it smarter, faster, and better for workers everywhere.
