Tapcheck, a Plano-based employee payroll solution, has secured $225 million in funding. The investment consisted of a $25 million Series A extension round led by PeakSpan Capital and a $200 million credit facility from Victory Park Capital.
Tapcheck allows employees to access their earned wages on demand, ahead of payday. Employers can integrate Tapcheck into their existing payroll and timekeeping systems using the company’s over 300 supported integrations. Tapcheck has provided $1 billion in early wage funding through 12,000 employer locations within a five-year period.
The fresh capital enables Tapcheck to fuel product development for a new solution. It will also help the company expand the accessibility of its Mastercard offering and enhance its AI capabilities.
