Clair: Rewiring How America Gets Paid

Payday lenders often harm more than help. Because of the unfavorable pay cycle mentioned, many Americans live in constant financial instability, unable to weather economic shocks. In tight times, millions turn to payday lenders. These predatory operators often charge more than 600% APR, creating a cycle in which workers fall into a constant deficit... See more

Some problems are best solved orthogonally. How do you build a fair on-demand pay company? Clair decided to start by building a digital banking platform. Although Clair is not a bank, this unorthodox choice has proven savvy. The company monetizes by adding value, not extracting it.

Clair's business model creates a rare four-way win. It's unusual to come across a company with a model as elegant as Clair's. It offers on-demand pay at no cost to either the worker or their company. Better still, the HR platforms that Clair partners with and that distribute the solution generate revenue. Workers, companies, platforms, and Clair al... See more

The impact of Clair's product is profound. Research shows that on-demand pay reduces absenteeism by 34%, reduces turnover by 40%, and increases job performance by 86%. Especially after considering its innovative no-fee business model, offering Clair is the closest thing to a no-brainer for employers.

America's pay cycle is broken. The typical worker is paid on a biweekly basis. While this is the standard, it makes little sense. Why shouldn't employees get paid for the work they do each day? The current setup effectively gives companies an interest-free loan at the expense of workers.