The rapid growth is fueled by $2 billion in wage advance volume run rate, 500,000 monthly active users, and over 300,000 active businesses on the platform

NEW YORK: Clair, the embedded earned wage access infrastructure powering payroll and workforce platforms, today announced it has crossed $100 million in revenue run rate in under two years. Clair also turned cashflow positive earlier this year. These milestones come as Clair hits record highs across its platform, with $2 billion in wage advance volume run rate, 500,000 monthly active users, and over 300,000 active businesses.

This growth underscores the scale of the financial problem Clair was built to solve: U.S. employers currently hold $500 billion in unpaid, earned wages. By embedding directly into partner platforms, including Gusto and QuickBooks, Clair unlocks that money for Americans when they need it most. These milestones show that work is accelerating as inflation and rising costs are making unexpected bills untenable for many American workers.

“For centuries, the rule of labor was set in stone: work today, get paid weeks later,” said Clair CEO Nico Simko. “We are rewriting that rule and betting that payroll and workforce apps will lead the democratization of faster access to wages. I am incredibly proud to achieve these milestones and see this vision operating at a massive scale.”

Clair is also expanding beyond earned wage access. The company unveiled two new products designed to help consumers pay their bills, build their credit, and save on fees. Bill Assist helps individuals keep track of their bills to help avoid overdraft or late fees, and Credit Builder provides individuals with a new path to build their credit score with every paycheck.

Clair continues to work toward its mission to make America's workforce financially free by providing seamless, transparent, and fair access to financial services connected to the workplace.

About Clair
Clair is a leading provider of embedded Earned Wage Access (EWA), empowering workforce management and payroll platforms to offer early access to earned wages to employees at no cost to employers. Supported by its partnership with FDIC-insured national bank Pathward, N.A., Clair has over 300,000 active businesses on the platform across 41 different industries, increasing retention and financial wellness amid front-line worker shortages. Based in New York, Clair has a team of 78 full-time employees and has raised $69.2M in funding from investors including Thrive Capital, Upfront Ventures, Kairos HQ, and Founder Collective. For more information, visit getclair.com.

About Pathward®
Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is focused on financial access and strives to increase financial availability, choice and opportunity across our Partner Solutions and Commercial Finance business lines. The strategic business lines provide support to individuals and businesses. Learn more at Pathward.com.

All Advances are originated by Pathward®, N.A. All Advances are subject to eligibility criteria and application review. Terms and conditions apply.

Fonte: Business Wire