Tapcheck provides an earned-wage-access platform that lets employees access wages they have earned ahead of traditional pay cycles. The platform integrates with employer payroll and timekeeping systems and is offered at no cost to employers while preserving payroll control. Tapcheck reports it has facilitated over $1 billion in early wage funding and served 12,000 employer locations, with employer customers citing more than a 50% improvement in retention and 70% of employees saying it reduces financial stress. The company highlights wide adoption in QSR and frontline care—serving 112,000 McDonald’s employees and enabling over $160M in advance wage disbursement, plus hundreds of thousands of caregivers. Tapcheck emphasizes accuracy and security through a proprietary earned wage access engine and holds an “Excellent” Trustpilot rating. The capital raise will support product development, expand its Mastercard offering, and accelerate the company’s AI capabilities to increase accessibility. Tapcheck is an employee financial wellness and earned wage access platform that gives workers on-demand access to earned wages via a mobile app at no cost to employers. Founded in 2019 and based in Los Angeles, Tapcheck integrates with over 100 payroll and HR systems (including ADP, Paychex, Paylocity, CTR Payroll Services and isolved People Cloud) to estimate net earnings and enable advances. Hundreds of employers offer Tapcheck to hourly employees, including McDonald's, Jack in the Box, and Home Instead, with adoption across nearly 10% of franchised McDonald's locations. Workers can access up to their pay for a small fee comparable to an out-of-network ATM fee, and reported outcomes include 74% of employees experiencing reduced financial stress and 59% feeling more motivated to work. Employers have reported a 74% decrease in absenteeism costs, a 48% reduction in turnover-related costs, and a 50% reduction in hiring costs after adopting the solution. The business grew revenue 10x year-over-year in the past year and plans to use new capital to expand reach and add additional financial wellness benefits.

Total raised

$245M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Apr 2025