Fourth Unveils the Restaurant Operations Suite:
💸 Tapcheck, an on-demand pay provider, secured $225 million in equity and debt funding. Founded in 2019 by Ron and Kayling Gaver, the company has over 300 payroll and timekeeping system integrations. Employers report a 50% increase in retention, and 70% of employees feel less financial stress using Tapcheck. The service has processed over $1 billion in early wage access, serving 12,000 employer locations, including major companies like McDonald's, with 112,000 employees accessing over $160 million in wage advances. The latest funding consists of a $25 million Series A extension from PeakSpan Capital and a $200 million credit facility by Victory Park Capital. The funds will enhance Tapcheck's products, including its Mastercard offering and AI capabilities, reinforcing its leadership in earned wage access solutions.
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