Tapcheck provides employers with a zero-cost earned wage access benefit that integrates seamlessly with existing payroll and timekeeping systems. Employees gain on-demand access to up to 70% of their net earnings after a shift via bank transfer or a dedicated Mastercard. This flexible pay solution helps employers improve retention while offering employees financial flexibility without impacting payroll control.
Funding
$43M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many employees face financial stress due to the mismatch between pay cycles and immediate expenses, leading to reliance on high-interest debt or late payment fees. Traditional bi-weekly or monthly pay schedules can leave employees short on funds for unexpected bills or daily necessities.
Solution
Tapcheck offers on-demand pay through a no-code integration with existing payroll and timekeeping systems, enabling employees to access up to 70% of their net earned wages immediately after completing a shift. This earned wage access (EWA) benefit provides employees with greater financial flexibility and control over their earnings, reducing financial stress and improving employee retention. Employers can offer Tapcheck at no cost, while employees pay a small fee for each transfer, similar to an ATM transaction. The platform ensures paycheck transparency by logging all transfers and providing clear records for both employees and employers.
Target Audience
Tapcheck primarily targets employers looking to enhance employee benefits, improve retention rates, and attract new talent, particularly in industries with hourly or shift-based workers.
Features
- No-code integration with major payroll and timekeeping systems for seamless setup
- Access to up to 70% of net earnings immediately after each shift
- Multiple payout options, including direct deposit and a Tapcheck Mastercard
- Real-time transfer tracking and transparent pay stub integration
- Automated net pay calculations to prevent overpayment and ensure accuracy
- Employer dashboard for monitoring usage and managing the program
- Mobile app for employees to request and track earned wages