Tech Company Financing Transactions

Clair Funding Round

Clair, based in New York, scored $175 million from Kairos Partners, Thrive Capital and Upfront Ventures.

Transaction Overview

Company Name
Clair
Announced On
7/6/2023
Transaction Type
Venture Equity
Amount
$175,000,000
Round
Undisclosed
Investors

Kairos Partners (Lead Investor) (Michael Presser)

Thrive Capital (Lead Investor)

Upfront Ventures (Lead Investor) (Aditi Maliwal)

Proceeds Purpose
The company will use the funds to launch an on-demand pay solution as a consumer lending program backed by an FDIC-insured bank. The new program provides for a participation amount of up to $150 million, which allows front-line workers to take wage advances from Pathward. Through the partnership, consumers get access to Pathward established FDIC-insured Clair Spending and Savings Accounts, among other financial services.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
PO Box 1791
New York, NY 10159
USA
Phone
(888) 442-5247
Website
www.getclair.com
Email Address
[email protected]
Overview
Our mission is to make every worker financially free. We believe that financial freedom is the first step to living a more empowered life. For us, that means: giving workers access to their wages, for free, at the end of each workday; providing quality financial services without any high or hidden fees and working with employers to promote financial inclusivity.
Profile
Clair LinkedIn Company Profile
Social Media
Clair Company Twitter Account
Company News
Clair News
Facebook
Clair on Facebook
YouTube
Clair on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Nico Simko
  Nico Simko LinkedIn Profile  Nico Simko Twitter Account  Nico Simko News  Nico Simko on Facebook
Chief Operating Officer
Alex Kostecki
  Alex Kostecki LinkedIn Profile  Alex Kostecki Twitter Account  Alex Kostecki News  Alex Kostecki on Facebook
Chief Technical Officer
Julie Gele
  Julie Gele LinkedIn Profile  Julie Gele Twitter Account  Julie Gele News  Julie Gele on Facebook
VP - Administration
Lance Katigbak
  Lance Katigbak LinkedIn Profile  Lance Katigbak Twitter Account  Lance Katigbak News  Lance Katigbak on Facebook
VP - Bus. Development
Scott Cooperstein
  Scott Cooperstein LinkedIn Profile  Scott Cooperstein Twitter Account  Scott Cooperstein News  Scott Cooperstein on Facebook
VP - Engineering
Adam Campbell
  Adam Campbell LinkedIn Profile  Adam Campbell Twitter Account  Adam Campbell News  Adam Campbell on Facebook
VP - General Counsel
Ronald DiGiacomo
  Ronald DiGiacomo LinkedIn Profile  Ronald DiGiacomo Twitter Account  Ronald DiGiacomo News  Ronald DiGiacomo on Facebook
VP - Product Management
Erich Nussbaumer
  Erich Nussbaumer LinkedIn Profile  Erich Nussbaumer Twitter Account  Erich Nussbaumer News  Erich Nussbaumer on Facebook

 

 

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Prev: 7/6/2023: ChipFlow venture capital transaction
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