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Clair raises $23.2 million in Series B funding led by Upfront Ventures to enhance earned wage access solutions and expand in payroll and HR management.

May 21, 20257 months ago

Amount Raised

$23.2 Million

Round Type

series b

New YorkFinanceFintech

Investors

Thrive CapitalUpfront Ventures

Description

Clair successfully raised $23.2 million in its Series B funding round, led by Upfront Ventures. The funds will help Clair deliver secure, simple earned wage access to millions of workers. Partnerships with platforms like Gusto and TriNet expand their reach in payroll management. Clair's services now span over 29,000 business locations, impacting more than 50 million U.S

Company Information

Company

Clair

Location

New York, New York, United States

About

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. Supported by its partnership with FDIC-insured national bank Pathward, N.A., Clair is available at over 29,000 work locations across 29 different industries, increasing retention and financial wellness amid front-line worker shortages. Clair is based in New York and has raised $68.7 million in equity funding from investors including Thrive Capital, Upfront Ventures, Kairos HQ, and Founder Collective.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech