Clair offers an embedded Earned Wage Access solution that allows employees to access their earned wages directly through payroll and workforce management platforms, ensuring compliance with financial regulations. By leveraging earnings data for underwriting and partnering with Pathward, N.A., Clair provides quick wage advances, with 50% of users receiving funds in under two minutes.
Funding
$44.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many employees face cash flow challenges between paychecks, leading to reliance on high-interest payday loans or incurring late fees. Integrating earned wage access (EWA) programs into existing payroll and workforce management platforms can be complex and require navigating various compliance regulations.
Solution
Clair provides an embedded EWA solution that allows employees to access their earned wages directly through their existing payroll, wallet, and workforce management platforms. By partnering with Pathward, N.A., Clair offers compliant wage advances, leveraging earnings data for underwriting. The solution offers flexible integration options through a comprehensive API, design library, and embedded widget, enabling rapid deployment of EWA functionality within existing systems. Clair simplifies compliance by originating advances through a nationally chartered bank.
Target Audience
Clair's primary customers are HR, payroll, and workforce management platforms seeking to offer EWA benefits to their users.
Features
- Comprehensive API for seamless integration into existing payroll, wallet, and workforce management platforms
- Embedded widget for user-friendly access to earned wages
- Bank-originated advances through partnership with Pathward, N.A., ensuring compliance
- Earnings data-driven underwriting for efficient advance eligibility assessment
- Design library for customizable user interface elements