New York, NY - Clair, a New York-based mission-driven digital banking platform, announced today that it has successfully raised $175 million in a recent funding round. The round was led by prominent venture capital firms Upfront Ventures and Thrive Capital. This investment will enable Clair to further expand its innovative financial services and continue its mission of providing fee-free access to earnings for American workers.

Clair's groundbreaking platform offers American workers seamless access to their earnings anytime, through our cutting-edge Clair Debit Mastercard and FDIC-insured Spending and Savings accounts. By embedding Clair's On-Demand Pay product within the digital or physical punch clocks of our HR technology partners, workers can effortlessly manage their finances as they clock in and out each day. This unique approach empowers individuals by granting them control and immediate access to their hard-earned wages, instilling financial confidence within America's workforce.

With a growing roster of trusted HR tech partners such as When I Work and 7Shifts, Clair has become an essential player in the financial services industry. Thousands of businesses across the United States already utilize Clair as a valuable, free employee benefit. This widespread adoption reflects the tangible benefits Clair provides to employers and employees alike, promoting financial wellness and stability in the workplace.

"We are thrilled to announce the successful completion of our funding round and the support we have received from Upfront Ventures and Thrive Capital," said Nico Simko, Founder of Clair. "This investment will play a crucial role in fueling our growth, allowing us to expand our reach and impact more workers across the nation. We are committed to revolutionizing the way Americans access and manage their earnings, and this funding brings us one step closer to achieving that vision."