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