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Overview
Tapcheck provides earned wage access (EWA) and financial wellness tools to employees via a B2B2C model. It lets employees access a portion of earned wages before payday through a mobile app, with transfers to bank accounts, mobile wallets, or an optional Tapcheck Mastercard, and it integrates with 300+ payroll and timekeeping systems (including ADP and Paychex). Employers incur no cost; Tapcheck earns a small flat transaction fee per early transfer, and the platform includes financial education resources. Its goal is to scale the platform, expand services, and help workers cover unexpected expenses while reducing reliance on high-interest options.
About Tapcheck
Industries
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$263M
Headquarters
Los Angeles, California
Founded
2019
Simplify's Take
What believers are saying
- $225M funding in April 2025 fuels AI enhancements and Mastercard expansion.
- Serves 12,000 locations including Hilton and McDonald's, with $1B disbursed.
- Paychex PEO partnership embeds on-demand pay for hospitality and senior living.
What critics are saying
- CFPB and California regulators cap EWA fees, collapsing revenue in 12 months.
- Paychex builds native EWA, stealing PEO clients in 18 months.
- Victory Park Capital cuts $200M credit facility due to employee defaults in 12 months.
What makes Tapcheck unique
- Tapcheck integrates with 300+ payroll systems like ADP and Paychex for seamless EWA.
- Tapcheck Disbursements enable instant bonuses and tips outside payroll cycles.
- Employees transfer wages to Prizeout gift cards, banks, or Tapcheck Mastercard.
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Funding
Total Funding
$263M
Above
Industry Average
Funded Over
4 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401K Company Match
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -2%2 year growth
↑ 5%Tapcheck has partnered with Paychex to provide on-demand pay access for employees through Paychex's HR PEO platform. The embedded solution allows eligible employees to instantly transfer earned wages to a bank account or free Tapcheck Mastercard via mobile app. The integration uses payroll data and machine-learning algorithms to calculate earned wage disbursements. Paychex PEO clients can activate the service without new systems or process changes, whilst maintaining full payroll visibility and control. The solution targets industries with complex staffing needs, including hospitality and senior living communities. Tapcheck, which integrates with over 300 payroll and timekeeping systems, offers the service at no cost to employers. The company positions on-demand pay as a tool to reduce turnover and support employee financial wellness.
Alto Software Group (ASG) has appointed Sara Arthrell as chief marketing officer.
Tapcheck, a Plano, Texas-based on-demand pay provider, secured $225 million in funding, comprising a $25 million extension to its Series A round led by PeakSpan Capital and a $200 million credit facility from Victory Park Capital.
World News | Israeli fintech startup Tapcheck raises USD 225 million in equity, debt funding.
Tapcheck, an on-demand pay provider, has raised $225 million in combined equity and debt financing. This significant capital injection highlights the growing interest in on-demand pay solutions. With this funding, Tapcheck is well-positioned to expand its services and reach more employees who need access to their earnings before payday. As the gig economy grows and traditional pay cycles lag, expect more innovation in this space.
Tapcheck is Hiring for 10 Jobs on Simplify!
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About Tapcheck
Industries
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$263M
Headquarters
Los Angeles, California
Founded
2019
Tapcheck is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today