Clair

On-demand wage access for employees

New York City, New York, United States

About Clair

Clair provides a service that allows employees to access their earned wages before the traditional payday, without any fees or interest. This service is especially useful for hourly workers and those in gig economy jobs who may need immediate access to their earnings for unexpected expenses. Clair partners with employers to integrate its service into existing HR and payroll systems, allowing employees to access their wages through a platform that includes a virtual or physical debit card. Unlike many competitors, Clair does not charge fees or interest for its wage advance service, making it an attractive option for companies looking to enhance employee financial well-being. The goal of Clair is to improve financial wellness for employees by offering a flexible solution for accessing earned wages.

New York City, New YorkHeadquarters
2019Year Founded
$43.8MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Vacation
Hybrid Work Options
401(k) Retirement Plan
401(k) Company Match
Parental Leave

Risks

Regulation in states like Wisconsin may increase compliance costs for Clair.
TriNet's new marketplace could challenge Clair's position with integrated solutions.
Clair's consumer lending program may expose it to credit risk and scrutiny.

Differentiation

Clair offers a fee-free model for earned wage access, unlike many competitors.
Clair integrates with existing HR and payroll systems for seamless employer adoption.
Clair's partnership with Pathward supports a consumer lending program, diversifying offerings.

Upsides

Clair secured $175 million funding to expand its on-demand pay solution.
Increased EWA adoption in regulated states provides a stable market for Clair.
Clair's integration with global platforms like Oyster expands international reach.

Funding

Total raised$43.82 M
Latest valuation$125.00 M
StageDEBT