What does Clair do?
Clair is a fintech company based in NYC that offers embedded earned wage access (EWA) through partnerships with institutions like the FDIC-insured national bank Pathward. Its platform empowers workforce management and payroll systems to provide daily pay access to employees at no cost to employers.
How much did they raise?
The company raised over $23M in a Series B funding round, led by Upfront Ventures with Thrive Capital as a participant, adding to its cumulative $68.7M in equity funding.
What are their plans for the money?
Clair plans to use the funds to expand its operations and development efforts, which could further enhance its ability to help employers offer daily pay, potentially improving employee retention and financial wellness.
What have they achieved so far?
The company’s platform is already in use at over 29,000 work locations across 29 industries, supporting improved retention and financial stability for employees in various sectors.
