# Clair

> Clair is a New York-based embedded fintech that lets employees access wages they have already earned before payday, at no cost to their employer. Built directly into payroll and workforce-management platforms like Gusto and TriNet, Clair offers no-interest, non-recourse wage advances backed by partner bank Pathward, N.A. The company positions itself as a compliance-first alternative to payday lenders, aiming to break the traditional two-week pay cycle for America's frontline workforce.

- **Founded:** 2019
- **Headquarters:** New York, New York, United States
- **Founders:** Nico Simko (Co-founder & CEO), Alex Kostecki (Co-founder & COO), Erich Nussbaumer (Co-founder & Chief Product Officer)
- **Team size:** ~76 employees
- **Products:** Embedded Earned Wage Access (EWA), On-Demand Pay, Clair Spend Account & Card
- **Notable:** Raised roughly $69 million in equity from Thrive Capital and Upfront Ventures, Secured a $175 million credit facility to fund advances via bank partner Pathward, Scaled to about 2 million employees across ~80,000 business locations

## Products & services

- **Embedded Earned Wage Access (EWA)** — An API-based engine that workforce-management and payroll platforms embed into their own apps, letting employees access wages they have already earned ahead of payday.
- **On-Demand Pay** — No-interest, non-recourse wage advances based on real-time earnings data, repaid automatically from the employee's next paycheck.
- **Clair Spend Account & Card** — A digital banking account and debit card where advances can be deposited, with optional instant transfer to external accounts.

## Achievements

- Raised roughly $69 million in equity from Thrive Capital and Upfront Ventures
- Secured a $175 million credit facility to fund advances via bank partner Pathward
- Scaled to about 2 million employees across ~80,000 business locations
- Built an embedded, compliance-first EWA model integrated with major payroll platforms
- SOC 2 compliant and NMLS licensed (2324313)

## Latest updates

- **2025-05** — Raised $23.2 million Series B led by Upfront Ventures with participation from Thrive Capital to scale embedded earned wage access.
- **2025-08** — Launched a refreshed website and brand identity with a new logo, color palette, and typeface.

## Links

- Website: https://getclair.com
- LinkedIn: https://www.linkedin.com/company/clair
- Twitter/X: https://twitter.com/getclair
- Facebook: https://facebook.com/getclairpay/

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Profile page: https://yespress.io/clair
Published by YesPress — https://yespress.io
Last updated: 2026-06-07