Clair, a New York-based fintech startup that provides instant pay access as a service for human capital management platforms, raised $15M in Series A funding.
The round, which brought total funding to $19.5m, was led by Thirve Capital. In conjunction with the funding, Thrive Capital’s General Partner, Kareem Zaki, will join Clair’s Board of Directors.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Nico Simko, Clair is a fintech startup that provides instant pay access as a service for human capital management platforms and the gig economy. With Clair, employees and contractors can get a portion of their earned wages as soon as they finish work. The company enables HR tech and gig companies to give hourly workers free instant cash advances on their earnings. Today, Clair has partnerships with platforms used by over 1.5 million hourly and gig workers.