Life is simple when pay is simple. Connecting financial services to the workplace, starting with pay.
New York, NY
Joined January 2020
- Tweets120
- Following78
- Followers223
- Likes172
Clair retweeted
Clair Atlas, our AI underwriting engine, allows lenders to analyze consumers’ job stability using payroll and time-and-attendance data rather than credit history.
With Atlas, we can safely increase eligibility for short term credit from 40% to 95%+ for people without credit scores (which was my case in the first few years in the US) or those subprime
Credit should be connected to the workplace. AI is a perfect use case for this.
Clair retweeted
AI is everywhere in fintech product strategy right now.
Clair founder @nicosimko's view: that is not enough.
Once a company has the growth and profitability to control its own roadmap, customer problems should guide what gets built next, not whatever technology happens to be dominating the conversation.
Clair retweeted
I thoroughly enjoyed my conversation with @GetClair CEO @nicosimko.
For those unfamiliar, Clair builds embedded earned wage access infrastructure for payroll and workforce platforms.
Why does this matter?
Because Nico is building a MONSTER fintech business:
Clair crossed a $100M revenue run-rate in under two years and turned cashflow positive earlier this year.
The business by the numbers:
➡️ $2 billion in wage advance volume run rate
➡️ 500,000 monthly active users
➡️ Over 300,000 active businesses on the platform
And this is with a product (EWA) that many said wouldn't be sufficient to build a standalone fintech company.
Unlike many founders in the space, Clair hit this scale by taking a regulatory-first approach to building. As Nico says, they effectively “took a bazooka to kill a fly” on compliance, and how that investment became an advantage when selling into enterprise partners.
Check out the full conversation at @twifintech:
podcasts.apple.com/us/podcas…
(This is a sponsored episode)
Clair retweeted
Clair has grown 10× in under two years, reaching a $100M run rate and serving 500K+ workers monthly.
@getclair partners with Gusto/TriNet/QuickBooks to bring wage liquidity directly to workers.
CEO @nicosimko explains why that model matters, and how it evolved with @micahjay1.
Clair retweeted
Exclusive: Clair, which offers early wage access to U.S. workers, has reached a $100M run rate in less than 2 years.
I spoke to CEO @nicosimko about why he believes his fintech, which partners with Gusto and TriNet, is the "fairest" option in market.
upstartsmedia.com/p/fintech-…
Clair retweeted
The next frontier in employee benefits? Financial wellness! @Nicosimko, Co-Founder & CEO of @getclair, shares why employers are investing in financial perks like on-demand pay.
Financial wellness benefits: Employers can't afford not to offer them now dlvr.it/T5h3BZ
Clair retweeted
Clair Raises Another $25M to Make On-Demand Pay an Employee Benefit for Millions ft @getclair alleywatch.com/2023/07/clair… via @AlleyWatch
Clair retweeted
😃 @getclair scoops funds to back “the first free on-demand pay solution” for workers.
Fintech has received $25 million from @ThriveCapital.
Is on-demand payment the future of wages?
100%Yes
0%No
0%We’ll have options
3 votes • Final results Clair retweeted
What an end to NY Fintech Week! 🎉Had a blast cohosting an intimate breakfast with @getclair 💫for 30 of our close fintech friends this morning! highly (!!) recommend Banter Cafe on Hudson in WV - their golden folded eggs & Nutella French toast👌🏽👌🏽 @upfrontvc #upfrontxfintech
Clair retweeted
Out now — Episode 7 of our Bread Crumbs podcast! @getclair's @lancekatigbak joins host @kimpayne_a2 to discuss the economic insecurity facing today’s workers — and the ways businesses can help support their employees’ #financialwellness. Listen here: lnkd.in/ga7DujCp
Clair retweeted
Ready to start exploring on-demand pay for your business but don't know where to start? You're in luck, we know just the place: Clair.
Learn how Clair can help give your employees free access to their earnings every day after they clock out of work.
Clair retweeted
Want a clue that a startup takes design seriously?
Pro tip: They put lines like this in the JD:
"Asks thought-provoking questions before diving into execution."
Read about @getclair [techcrunch.com/2021/06/10/cl…], follow co-founder @nikosimko, and apply!
boards.greenhouse.io/clair/j…
Clair retweeted
Podcast on @getclair and the weird way the American pay cycle works available for your ears 👍 🎧 🔥
anchor.fm/mario-gabriele/epi…
Clair retweeted
Feels great to be back in person - got to kick things off with @nicosimko, sharing a bit about @getclair and my investment process @upfrontvc at our annual meeting! #upfrontsummit #fintech #futureofwork
Clair retweeted
It was a pleasure having @Kira_Belle, Director of Marketing at @getclair on the podcast.
We dive into some juicy topics like building a FinTech startup from scratch and what exactly you need to become a better marketer.
joemomoh.com/portfolio/kira-…
#fintech #saas #podcast #yyc
Clair retweeted
.@getclair is one of the most unique fintechs I’ve studied:
• Helps workers get paid on-demand
• This can be the diff btwn staying afloat or going into debt
• There's *no-cost* to employee or employer
It’s a radical win-win-win-win model.
readthegeneralist.com/briefi…
Clair retweeted
Loved getting to chat with @mariogabriele about @getclair and backing @nicosimko, @AlexKostecki, @ErichNussbaumer and the rest of the incredible team! Read more about why we backed them and their differentiated approach to earned wage access 🚀 🚀 🚀 🚀
.@getclair is one of the most unique fintechs I’ve studied:
• Helps workers get paid on-demand
• This can be the diff btwn staying afloat or going into debt
• There's *no-cost* to employee or employer
It’s a radical win-win-win-win model.
readthegeneralist.com/briefi…
Clair retweeted
+ America's pay cycle is broken
+ Payday lenders often harm more than help
+ Some problems are best solved orthogonally
+ The impact of @getclair's product is profound
+ @getclair's business model creates a rare four-way win
#ProudInvestor
readthegeneralist.com/briefi…
Clair retweeted
The moment @nicosimko began raising @getclair's $4.5M seed round, the economy suffered one of the most dramatic crashes in history. Hear how he pulled it off—and the hard lessons he learned about fundraising—in this week's episode of How to Raise a Round: crt.cx/3zENGtN
Clair retweeted
Today, When I Work is excited to announce it’s newest partnership with @getclair, a financial technology company.
This partnership will bring Clair's Payday Wallet—with on-demand earned wage advances—to our 200,000 shift-based workplaces.
🔎 📰👉 wiw.bz/39yyFiw