Articles from Clair

Clair, the embedded earned wage access infrastructure powering payroll and workforce platforms, today announced it has crossed $100 million in revenue run rate in under two years. Clair also turned cashflow positive earlier this year. These milestones come as Clair hits record highs across its platform, with $2 billion in wage advance volume run rate, 500,000 monthly active users, and over 300,000 active businesses.

Clair, the pioneering fintech company offering Earned Wage Access (“EWA”) originated by national bank, Pathward®, N.A., today announced that it has raised $23.2M in its Series B led by their Seed round lead investor Upfront Ventures, with participation from existing investors including Thrive Capital.

Clair, the pioneering fintech company offering free Earned Wage Advances (“EWA”) originated by a national bank, today announced a unique new partnership with Gusto, an integrated, all-in-one software platform that automates and simplifies company payroll, benefits, and HR. Through this collaboration, Clair and Gusto are breaking ground on a technology-first solution in the EWA industry, granting employees at many of Gusto’s 300,000 supported businesses access to sign up for On-Demand Pay via Gusto Wallet, which helps employees increase prosperity by delivering financial and work productivity tools. Gusto is the first partner to announce this new Clair Embedded product, which leverages proprietary technology to provide an embedded, compliant EWA solution that integrates into workforce management and payroll applications.

Clair, a mission-driven fintech company, today announced it raised $175 million in funding to launch the first free, consumer-friendly, on-demand pay solution as a consumer lending program backed by an FDIC-insured bank. The new program provides for a participation amount of up to $150 million, which allows front-line workers to take wage advances from Pathward. Through the partnership, consumers get access to Pathward established FDIC-insured Clair Spending and Savings Accounts, among other financial services. The funding includes an additional $25 million in equity in a round led by Thrive Capital. Upfront Ventures and Kairos also participated in the equity round, bringing Clair’s total venture capital funding to $45 million. As part of the deal, Michael Presser, Investing Partner at Kairos, has been appointed as a board observer.

Clair, a New York-based digital banking app has been named a finalist for the 2022 Iterable Expie Awards, an awards program managed by Iterable, the powerful customer communication platform that helps brands activate customers with joyful interactions at scale. The Iterable Expie Awards recognize and celebrate customers and partners that are leveraging Iterable to deliver joyful experiences. From extraordinary customer engagement to authentic, empathetic connections, Expie Award nominees and winners raise the bar for marketers all over the world.

Great Place to Work® and Fortune magazine have honored Clair as one of the 2022 Best Small Workplaces. This is Clair’s first time being named to this prestigious list, this year coming in at 55th place out of 100 businesses honored with the distinction. Earning a spot means that Clair is one of the best companies to work for in the country.

Clair, a New York based mission driven digital banking platform, announced a partnership with Criterion to offer free on-demand pay through Clair to the HCM software firm’s clients and employees.

TCP Software, a leading provider of workforce management and time and labor solutions, unveiled today a new partnership with Clair, a leading on-demand pay app and social impact fintech. Starting later this year, TCP’s customers who use TCP’s TimeClock Plus and Humanity Scheduling solutions will be able to offer free on-demand pay to over 1 million employees across the country.

7shifts, an intuitive employee scheduling and management software designed for the restaurant industry, announced a partnership with Clair, a mission driven, New York based digital banking platform. Together they will offer free on-demand pay to restaurant staff across America. Clair On-Demand Pay is now available to more than 230,000 restaurant workers across the country who use 7shifts every day. New businesses will soon be able to take advantage of this employee benefit as well.

EasyWorkforce, the unified workforce management platform for companies of any size, and Clair, a leading provider of on-demand pay as a service, today announced a partnership to bring earned-wage access to all EasyWorkforce customers and their employees.

Clair, a social impact embedded-fintech startup transforming the way that hourly employees get paid, today announced its selection as payroll software leader Worklio’s partner to provide free on-demand pay to its users.

Clair, a New York-based financial technology company, announced that it has hired former Product Marketing Lead of Google’s Australia and New Zealand market, Kira Walter, as Director of Marketing at Clair, as well as former UX Lead and Manager inside Google’s Ads division, Anya Mezak, as Director of Design.

Clair, a New York-based financial technology company, announced today the promotion of its Head of Growth, Lance Katigbak, to Chief Revenue Officer. The promotion follows recent announcements of new partnership deals with a number of leading HR tech companies, including When I Work and Workwell.

Clair, a New York-based financial technology company, announced today that Sensiba San Filippo LLP has certified Clair as Service Organization Control (SOC) 2 Type II compliant. This certification confirms that Clair achieved the AICPA’s Trust Services Criteria for Security, Availability, Confidentiality, Processing Integrity, and Privacy.

Clair, a New York-based social impact fintech startup, is debuting its trademark product, a fee-free Payday Wallet, at the HR Tech Conference happening here this week. With this launch, the company is separating itself from traditional fee or tip-based earned wage access providers and solidifies its place as the leading mission driven, fee-free on-demand pay solution for America’s workers.

Time and attendance technology has transformed the traditional punch time clock into an all-in-one business solution. With biometric technology to curb buddy punching and cloud software that automates labor intensive timekeeping and employee management tasks, time clocks now do so much more than just track time.

Clair, a social impact financial technology company that partners with HR tech platforms to offer on-demand pay to America’s workers, announced the launch of its new website and branding today. The revamped website features Clair’s new branding elements, including a new logo, color palette, and typeface. The rebranding seeks to provide a more approachable experience to the millions of hourly workers who currently have access to Clair, as well as to employers and HR tech platforms that use Clair. With a more streamlined and accessible design, visitors are able to access the website in a more seamless and user friendly manner.

Clair, a social impact financial technology company, announced today that it had successfully completed the Service Organization Control (SOC) 2 Type 1 audit. The review was conducted by Sensiba San Filippo LLP, and it confirms that Clair achieved the AICPA’s Trust Services Criteria for Security, Availability, Confidentiality, Processing Integrity, and Privacy.

Clair, a New York-based social impact financial technology company, announced today that it hired Daniel Mayton, former Vice President of Distribution Sales at ConnectYourCare/Optum Financial, the country’s leading health and wellness provider, to join its team as Vice President of Strategic Alliances.

Clair, a social impact, embedded fintech startup transforming how America’s hourly workers get paid, today announced the close of a $15 million Series A funding round led by Thrive Capital, a firm that has been a part of building and investing in many of the top technology companies of the last decade. This brings Clair’s total funding to $19.5 million, following its seed round led by Upfront Ventures announced seven months ago.

Clair, a social impact embedded fintech startup transforming how America’s 82 million hourly workers and 57 million gig workers get paid, today announced new partnerships with nationally-chartered MetaBank®, N.A., a subsidiary of Meta Financial Group Inc.® (Nasdaq: CASH) and API-based payment processor Galileo, two firms known for providing the vital infrastructure that powers the global fintech revolution.