Kayling Gaver (Tapcheck): 10 Key Things You Must Know

Overview

Kayling Gaver is a pioneering figure in the fintech industry, known for co-founding Tapcheck, a company revolutionizing on-demand pay solutions. Based in the United States, Tapcheck addresses the financial challenges faced by workers under traditional pay cycles by providing access to earned wages before payday. This innovative approach not only enhances employee financial wellness but also improves retention and productivity. In the following sections, we delve into ten intriguing aspects of Kayling Gaver's career and contributions to the field.

1. Founding Tapcheck

Kayling Gaver co-founded Tapcheck in 2019 with her husband, Ron Gaver, drawing on her extensive experience in payroll technology. Inspired by their firsthand experiences with the limitations of traditional payroll systems, they developed a platform that allows employees to access earned wages before their scheduled payday. This move was aimed at reducing financial stress and increasing workforce engagement.

2. Career Background

Before founding Tapcheck, Kayling Gaver held significant roles, including Director of Operations at EmCentrix. With an academic foundation in business administration from the University of Southern California, she leveraged her skills to streamline payroll systems, enhancing their efficiency and user-friendliness.

3. The Earned Wage Access Revolution

Tapcheck's platform addresses a crucial issue in the workforce: financial insecurity caused by rigid pay schedules. By integrating with nearly 300 payroll systems, it ensures seamless wage access, allowing employees to avoid high-interest payday loans. This service is offered at no cost to employers, making it a valuable addition to employee benefits.

4. Impressive Growth and Funding

Recently, Tapcheck secured $225 million in equity and debt financing, backed by PeakSpan Capital and Victory Park Capital. This funding aims to further develop their on-demand pay platform, including advancements in AI capabilities and Mastercard-linked solutions, demonstrating investor confidence in Tapcheck's mission and market potential.

5. Diverse Clientele

Tapcheck serves a wide array of industries, from hospitality to healthcare. It partners with major brands like Hilton, Taco Bell, and Planet Fitness. Notably, it has enabled hundreds of thousands of employees, including 112,000 McDonald's workers, to access over $160 million in advance wages, showcasing its extensive reach and impact.

6. Enhancing Workforce Productivity

Employers using Tapcheck report a 50% improvement in employee retention and a significant boost in productivity. The platform not only alleviates financial stress but also contributes to a more motivated and engaged workforce, enhancing overall company performance.

7. Kayling Gaver's Leadership Style

Gaver's leadership at Tapcheck is characterized by humility, grit, and a relentless drive for growth. She prioritizes customer satisfaction and fosters a culture of collaboration, setting high standards for performance and innovation within the organization.

8. Addressing Financial Insecurity

By offering earned wage access, Tapcheck tackles the prevalent issue of financial insecurity, a challenge facing a majority of the American workforce. The company's solutions help mitigate the adverse effects of living paycheck to paycheck, contributing to improved employee morale and financial health.

9. Strategic Partnerships

Under Gaver's leadership, Tapcheck has formed strategic partnerships to expand its service capabilities. Collaborations with financial and payroll service providers enhance its integration, making it easier for companies to implement Tapcheck’s solutions without disrupting existing systems.

10. Future Prospects

Looking ahead, Tapcheck aims to further disrupt the traditional payroll model with innovative solutions that empower employees and offer adjustable financial terms. With the recent funding, the company is well-positioned to expand its offerings and influence within the fintech landscape.

Conclusion

Kayling Gaver's journey with Tapcheck reflects a commitment to transforming workplace financial wellness through innovation and strategic leadership. Her contributions to the fintech industry underscore the impact of flexible pay solutions on improving employee well-being and employer success. As Tapcheck continues to grow, it stands as a testament to the power of technology-driven financial solutions in modern business. Kayling Gaver's story encourages further exploration of how such innovations can redefine financial security and workplace harmony.