This is the Clair pitch deck to raise a $4m seed round in 2020.
About
Clair is a New York-based fintech startup that provides Instant Pay Access as a service for human capital management platforms and the gig economy. With Clair, employees, and contractors get access to a digital bank account that allows them to get a portion of their earned wages as soon as they finish work. It aims to make every worker financially free.
The two-week pay cycle is becoming a thing of the past. Both fintechs, gig platforms, and incumbents in the payroll space have been rolling out earned wage access products, giving employees the ability to draw on money they’ve earned between paychecks.
Fintechs like Dave and Earnin market directly to consumers, whereas the likes of PayActiv and DailyPay target employers. There are also companies like Gusto and Square that are embedding earned wage access into their platforms.
Clair is the latest entrant into the space with an earned wage access platform built for payroll companies and gig platforms.
“What we’ve realized is all the other payroll providers, workforce management apps, and gig platforms are interested in building it, but building an entire digital bank is pushing it too far,” Nico Simko, cofounder and CEO of Clair, told Business Insider.
“So there is clearly room for a provider who is building a digital bank on a new tech stack and able to give them just the required APIs,” Simko.
Funding Rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Jun 10, 2021 | Series A – Clair | 2 | $15M | Thrive Capital |
| Oct 9, 2020 | Seed Round – Clair | 5 | $4M | Upfront Ventures |
| Aug 3, 2020 | Seed Round – Clair | 1 | — | — |
| Nov 1, 2019 | Pre Seed Round – Clair | — | $550K | — |
Pitch Deck Review Summary
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Deck Collection
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