Fintech Company Clair Partners With Check to Seamlessly Offer On-Demand Pay, Empowering Employers to Offer Free, Compliant Wage Advances to Their Workforces
June 27 2024 - 9:00AM
Business Wire
Clair’s Proprietary Platform Enables Businesses
to Embed Flexible Pay Into Their Workforce Management (WFM)
Systems, With Low-Code Technology
Clair, the pioneering fintech company offering free Earned Wage
Advances originated by Pathward®, N.A., today announced a new
partnership with payroll infrastructure company Check. Clair is
Check’s first Earned Wage Access (EWA) partner and represents a
milestone in its commitment to offering financial benefits. Through
the integration, platforms using Check to build and launch their
payroll businesses can seamlessly opt into offering Clair’s fully
compliant, on-demand pay solution, without needing to build any
software. Check works with dozens of category-leading platforms
such as Novo, Homebase and Wave, paying hundreds of thousands of
employees each month.
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Check’s channel partner Eddy, an all-in-one HR suite for hiring,
onboarding, managing, and paying employees, is the first to roll
out access to Clair services through the Check API. Eddy will
provide Clair’s on-demand pay services to thousands of employees
across hundreds of businesses.
Clair and Check are launching this unique solution at a time
when WFM systems are trying to modernize their approach to employee
management to align with today's digital workforce.
- More than half of employers (58%) say technology integration is
one of the top areas of improvement for their payroll providers and
another 29% say tech modernization is a top concern.
- Meanwhile, 68% of employees said they used financial wellness
services provided by their employers in 2023, up from 51% in 2012,
illustrating the growing demand and usage of these benefits.
To solve these pain points, Check partnered with Clair to bring
its cutting-edge technology to Check partners, making it easy to
offer financial benefits for their employees, by giving them access
to their pay when they need it, before payday.
“As the needs of the modern workforce evolve, we're constantly
iterating on our products to provide experiences that employers
need to future-proof their businesses,” said Kevin Hollingshead,
Head of Partnerships at Check. “It's clear to us that on-demand pay
will only continue to grow in popularity. Clair is the innovator in
this space, so it was a natural decision to partner to integrate
their leading EWA solution into our partner offerings. We believe
it will give our platforms a competitive edge in attracting and
retaining the essential people who power their businesses.”
“By revolutionizing the way employers and HR platforms approach
on-demand pay, we're ushering in a new era of financial freedom and
flexibility for workers,” said Nico Simko, Co-founder and CEO of
Clair. “Our pioneering technology streamlines the process of
providing compliant wage advances, making us the trusted partner of
choice for HR and payroll platforms at the forefront of modern
finance. In partnership with Check, we're ready to unlock new
levels of satisfaction and productivity for companies that want to
raise the bar on financial wellness benefits for their
workforces.”
Clair offers access to its on-demand pay solutions to more than
a dozen HR platform partners and has plans to continue its
strategic partnerships with leaders in the payroll and benefits
space, having already provided millions of dollars in wage
advances. Clair’s fully compliant wage advance solution provides
peace of mind for Clair partners, powered by its partnership with
FDIC-insured national bank Pathward.
To learn more about Clair and how to integrate its On-Demand Pay
solutions into workforce management platforms, visit
https://getclair.com/embedded.
About Clair
Clair is the pioneering fintech company offering free earned
wage advances originated by a national bank. Clair helps
professionals get paid before payday, supported by its partnership
with FDIC-insured national bank Pathward, N.A. Clair is available
at over 10,000 employers and more than a dozen workforce management
platforms to help increase employee retention and financial
wellness amid front-line worker shortages. Clair is based in New
York and has raised $45 million in VC equity funding from investors
including Thrive Capital, Upfront Ventures, Kairos, and Founder
Collective. For more information, visit getclair.com.
About Check
Check is a payroll infrastructure company whose mission is to
make paying people simple. Its platform offers everything companies
need to build, launch, and scale a payroll business, including
Check's intuitive API; Components, which enable flexible and
customizable solutions; and a user-friendly customer management
dashboard, Console. The company works with leading vertical SaaS,
workforce management, financial services, and staffing businesses,
and supports all 50 states plus D.C. To learn more, visit
https://www.checkhq.com.
About Pathward®
Pathward®, N.A., a national bank, is a subsidiary of Pathward
Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial
empowerment company driven by its purpose to power financial
inclusion. Pathward strives to increase financial availability,
choice and opportunity across our Banking as a Service and
Commercial Finance business lines. The strategic business lines
provide end-to-end support to individuals and businesses. Learn
more at pathward.com.
Clair is a financial technology company, not a bank. Clair
Spending is a demand deposit account established by, and the Clair
Debit Card is issued by, Pathward, N.A., Member FDIC. Mastercard®
and the circles design are registered trademarks of Mastercard
International Incorporated. Clair Savings Account is established by
Pathward, N.A., Member FDIC. Advances provided by Pathward,
N.A.
While earned wage advances are free, certain other fees may
apply depending on how users use their account.
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Press Contact: press@getclair.com