In a groundbreaking move, Tapcheck, a leading financial wellness benefit company based in Los Angeles, CA, has successfully raised $20 million in Series A funding. This transformative financial boost, spearheaded by PeakSpan Capital, positions Tapcheck to elevate its operational capabilities and extend its business footprint.
Unlocking Financial Freedom: Tapcheck’s Vision
Under the visionary leadership of Ron Gaver, CEO, and Kayling Gaver, COO, Tapcheck stands as a pioneer in providing innovative employee financial wellness solutions. At the core of their offering is an earned wage access platform that collaborates with companies to empower workers with pre-payday access to their earnings. This strategic funding infusion is earmarked for the expansion of Tapcheck’s operations, reinforcing its commitment to enhancing the financial well-being of employees across diverse industries.
Seamless Integration and Stress-Free Financial Control
Tapcheck’s approach centers around a mobile app that seamlessly integrates with over 100 systems, including industry giants like ADP, Paychex, Paylocity, and more. This integration, coupled with a user-friendly interface, allows employees to take control of their finances effortlessly. Notably, the platform is offered to employers at no cost, making it an attractive solution for businesses looking to prioritize the financial wellness of their workforce.
Breaking Barriers: From McDonald’s to Home Instead
The widespread adoption of Tapcheck by hundreds of employers speaks volumes about its effectiveness. Renowned establishments like McDonald’s, Jack in the Box, Home Instead, and numerous others have embraced Tapcheck, recognizing its potential to alleviate financial stress among hourly employees. By offering a tool that enables workers to access their earnings before payday, these employers have witnessed a tangible reduction in stress at home and a corresponding increase in on-the-job productivity.
Future Outlook: Pioneering Financial Wellness Solutions
With the Series A funding in its arsenal, Tapcheck is poised to revolutionize the landscape of employee financial wellness. The company’s commitment to providing a seamless, cost-free solution for employers and empowering workers with financial control positions it as a key player in the evolving market. As it continues to integrate with leading payroll systems and expand its reach, Tapcheck is not just securing funding but paving the way for a future where financial wellness is a cornerstone of the employee experience.