Clair, A Us Fintech Raises $175M To Launch An On-Demand Pay Solution For Frontline Workers
Amount Raised
$175 Million
Round Type
Funding Round
Investors
Description
In a recent development, Claire has raised $175 million in funding to launch the first free, consumer-friendly, on-demand pay solution as a consumer lending program. 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
Quick answer
Clair raised $175 Million in a Funding Round round, dated July 7, 2023. Investors: Michael Presser, Kairos, Upfront Ventures, Thrive Capital and Pathward.
- How much did Clair raise?
- Clair raised $175 Million in a Funding Round round on July 7, 2023.
- Who invested in Clair?
- Michael Presser, Kairos, Upfront Ventures, Thrive Capital and Pathward are named as investors in this round.
- What does Clair do?
- Clair is a leading provider of embedded Earned Wage Access (EWA), empowering workforce management and payroll platforms to offer daily pay access to employees at no cost to employers.
- Where is Clair based and how big is it?
- Fundz records about 68 employees.
- Who are the decision-makers at Clair?
- Fundz holds 1 contact at Clair. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Finance and Fintech around the same time
Companies in the same sectors as Clair that raised within 45 days of this round, from Fundz verified event records.
- Zanifu raised $11M (Funding Round) on August 21, 2023.
- Streamex Corp. raised $2.2M (Seed) on July 31, 2023.
- Bloom Money raised $1.3M (Seed) on July 27, 2023.
- Momnt raised $35M on July 26, 2023.
- Mercury Financial raised $200M (Funding Round) on July 26, 2023.
- Salmon Group raised $20M (Series A) on July 20, 2023.
Who to call at Clair, and when
A new round usually means Clair is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Clair raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Clair, from your own LinkedIn network
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Related People
Clair raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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