Fintech company Clair partners with Check to seamlessly offer on-demand pay, allowing employers to offer free, compliant pay advances to their workforce

Fintech company Clair has partnered with payroll infrastructure company Check to offer seamless on-demand payment solutions for employers.

Clair’s proprietary platform integrates flexible pay options into Workforce Management (WFM) systems using low-code technology, enabling companies to provide compliant payroll advances without developing new software. This partnership highlights Check’s commitment to delivering financial benefits, with the first launch through Eddy, an HR suite, reaching thousands of employees across hundreds of companies.

As the needs of the modern workforce evolve, technology integration and modernization are critical, with a significant percentage of employers and employees highlighting the importance of financial wellness services. Clair’s partnership with Check aims to address these needs by providing financial flexibility and streamlining payroll processes. Clair is supported by its partnership with FDIC-insured Pathward, which ensures compliance and reliability in its services.

06/27/2024 – 10:00 AM

Clair’s proprietary platform enables companies to integrate flexible pay into their workforce management (WFM) systems, with low-code technology

NEW YORK–(BUSINESS WIRE)–
ClearThe pioneering fintech company offering free earned pay advances originated in Pathward®, NA, 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 providing financial benefits. With the integration, platforms that use Check to build and launch their payroll businesses can seamlessly choose to offer Clair’s fully compliant on-demand payment solution, without having to build any software. Check works with dozens of category-leading platforms like Novo, Homebase, and Wave, paying hundreds of thousands of employees every month.

Check channel partner Vortexan all-in-one HR suite for hiring, onboarding, managing and paying employees, is the first to implement access to Clair services via the Check API. Eddy will provide Clair’s on-demand payment services to thousands of employees across hundreds of companies.

Clair and Check are launching this unique solution at a time when WFM systems are looking to modernize their approach to employee management to align with today’s digital workforce.

• More than half of employers (58%) say technology integration is a top area of ​​improvement for payroll providers, and another 29% say technology modernization is a top concern.

• In the meantime, 68% of employees reported using financial wellness services provided by their employers in 2023, up from 51% in 2012, demonstrating growing demand and use of these benefits.

To solve these problems, Check has partnered with Clair to make its cutting-edge technology available to Check partners, making it easier for them to offer financial benefits to their employees, allowing them to access their paychecks when they need it, before payday.

“As the needs of the modern workforce evolve, we are constantly evolving our products to deliver the experiences employers need to future-proof their businesses,” said Kevin Hollingshead, Check’s head of partnerships. “It is clear to us that the popularity of pay on demand will continue to grow. 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 this will give our platforms a competitive advantage in attracting and retaining the essential people who power their businesses.”

“By revolutionizing the way employers and HR platforms approach on-demand pay, we are ushering in a new era of financial freedom and flexibility for workers,” said Nico Simko, co-founder and CEO of Clair. “Our pioneering technology simplifies the process of providing compliant salary advances, making us the trusted partner of choice for HR and payroll platforms at the cutting edge of modern finance. In partnership with Check, we are poised to unlock new levels of satisfaction and productivity for companies that want to raise the bar on benefits for the financial well-being of their workforce.”

Clair offers access to its on-demand payment solutions to more than a dozen HR platform partners and plans to continue its strategic partnerships with leaders in the payroll and benefits industry, having already provided millions of dollars in salary advances. Clair’s fully compliant pay advance solution offers peace of mind to Clair partners, powered by its partnership with FDIC-insured National Bank Path.

To learn more about Clair and how to integrate its on-demand payment solutions into your workforce management platforms, visit https://getclair.com/embedded.

About Clair

Clair is the pioneering fintech company offering free salary advances originated by a national bank. Clair helps professionals get paid before payday, supported by its partnership with FDIC-insured Pathward National Bank, NA Clair is available at more than 10,000 employers and more than a dozen workforce management platforms for Help increase employee retention and financial well-being when there is a shortage of frontline workers. 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.

Check information

Check is a payroll infrastructure company whose mission is to make it easy for people to pay. Its platform offers everything businesses need to build, launch and scale a payroll business, including Check’s intuitive API; Components, which allow flexible and customizable solutions; and an intuitive customer management dashboard, Console. The company partners with leading companies in vertical SaaS, workforce management, financial services and people management and supports all 50 states plus DC. To find out more, visit Italian: https://www.checkhq.com.

About Pathward®

Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a US-based financial empowerment company driven by its goal to enhance financial inclusion. Pathward is committed to increasing availability, choice and financial opportunities in our Banking as a Service and Commercial Finance lines of business. Strategic Business Lines provide end-to-end support to individuals and businesses. Find out more about route.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, NA, Member FDIC. Mastercard® and the circle design are registered trademarks of Mastercard International Incorporated. The Clair Savings Account is established by Pathward, N.A., Member FDIC. Advances provided by Pathward, NA

While Earned Pay Advances are free, other fees may apply depending on how users utilize their account.

View the original version on businesswire.com: https://www.businesswire.com/news/home/20240627761481/en/

Press contact:

press@getclair.com

Source: check

FAQ

What does the new partnership between Clair and Check consist of?

Clair and Check have partnered to offer seamless on-demand payment solutions, allowing employers to provide compliant pay advances without the need to build new software.

How does the Clair platform benefit employers who use Check?

Clair’s platform uses low-code technology to integrate flexible pay options into workforce management systems, enabling employers to easily offer pay advances.

Who is the first to launch Clair’s on-demand payment services?

Eddy, an all-in-one HR suite, is the first to launch Clair’s on-demand payment services via the Check API.

What percentage of employees used financial wellness services in 2023?

In 2023, 68% of employees used financial wellness services provided by their employers.

How does the Clair and Check partnership address the needs of the modern workforce?

The partnership addresses modern workforce needs by providing financial flexibility, integrating advanced technologies and streamlining salary advance processes.

What ensures compliance and reliability of Clair services?

Clair ensures compliance and reliability through its partnership with FDIC-insured Pathward National Bank.

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