Israeli fintech firm Tapcheck, which provides a cutting-edge on-demand pay platform, revealed on Monday that it raised a combined debt and equity of $225 million. The capital includes a $25 million extension of its Series A from current investor PeakSpan Capital and a $200 million credit facility from Victory Park Capital. This massive funding is expected to drive Tapcheck's expansion and further establish the firm in the fast-expanding earned wage access (EWA) market.

Founders to Eradicate Paycheck-to-Paycheck Stress

Started in 2019 by husband-and-wife entrepreneurs Ron and Kayling Gaver, Tapcheck was created to address the real-life financial struggles that many employees face due to rigid pay cycles. By giving employees earlier access to their earned wages before payday, Tapcheck reduces financial stress, increases retention, and improves workplace productivity.

Free for Employers, Empowering for Employees

Unlike some other borrowing options, Tapcheck's platform is no cost to employers and is easily integrated with nearly 300 payroll and timekeeping systems. Employees can borrow their wages responsibly and securely without fear of high fees or interest rates. The company reports that over 70% of employees who use the service indicate that it alleviates their financial stress, and employers experience over a 50% decrease in turnover.

$1 Billion in Early Wage Access and Growth

In just five short years, Tapcheck has enabled more than $1 billion in early wage funding and now serves more than 12,000 employer locations across the country. This pace of growth reflects the way on-demand pay is becoming a must-have benefit for forward-thinking employers.

Expansion Plans in the Works

The funds will be used to finance product development, customer acquisition, and geographic expansion into new markets. With strong support from PeakSpan and Victory Park Capital, Tapcheck will be a pioneer in financial wellness solutions that empower employees.

Why Tapcheck Is Creating Waves in 2025

Whether you're an employer seeking to boost worker happiness or an employee looking to gain more access to your pay, Tapcheck provides a forward-thinking solution to a long-standing payroll problem. As economic flexibility is more crucial than ever in today's economy, Tapcheck's timely answer to earned wage access isn't just timely — it's essential.