Percent is excited to announce a new strategic partnership with Tapcheck, an earned wage access and financial wellness technology platform. This addition to the Percent platform marks the latest in a series of collaborations with financing providers pioneering the Earned Wage Access space.
Headquartered in California and founded in 2019, Tapcheck provides employers the resources to improve their employees’ financial literacy and wellbeing. The company has rapidly expanded across the U.S. by focusing on and integrating with small- and medium-sized businesses with in-place payroll providers. By providing employees instant access to their earned wages, Tapcheck bolsters retention, hiring, and employee morale for businesses across the United States — all while seamlessly and securely leveraging employee data to drive effective underwriting. This technology-focused process has allowed Tapcheck to achieve a near-zero loss rate.
“Tapcheck’s core mission is to provide reliable and responsible capital access to the 150 million Americans living paycheck-to-paycheck,” says Ron Gaver, Tapcheck’s CEO. “Percent is a phenomenal launchpad that will help Tapcheck scale quickly and efficiently, and we are thrilled to partner on the path to realizing that mission.”
As a financial technology company and alternative investment platform, Percent offers accredited investors largely uncorrelated, transparent, high-yield investment products while providing non-dilutive growth capital to our origination partners. With the exciting addition of Tapcheck, we continue to build on our extensive network of private credit partners while transforming the industry for the better.