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JC Bahr-de Stefano
@jbahrdestefano
Doing things such as Investing in fintech @btv_vc 💸 Running 🏃 and playing footy ⚽ Writing ✍️+ thinking out loud 🤔
Joined October 2019
2K Following    4.1K Followers
Wow @getclair is at $100M revenue run rate (in <2 yrs) up 10x from just over a year ago, according to a new @UpstartsMediaCo profile Clair offers embedded earned wage access, distributed through payroll + workforce platforms like Gusto, QuickBooks & TriNet rather than a standalone consumer app Some stats on the biz: - $2B annualized wage advance volume - Live at 300K+ businesses (5%+ of all US businesses) - ~600K monthly active users - Reached positive cash flow this year Founded in ‘19 - the original product was a consumer neobank: free wage advances as the wedge to get workers banking with Clair and then monetized on interchange. They killed the consumer accounts in early ‘25 & relaunched as pure embedded EWA infra inside payroll platforms, monetizing instant transfer fees $69M total raised, most recently a $23.2M Series B led by @upfrontvc in May ’25
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