Clair Partners with Gusto to Offer Embedded On-Demand Pay to Employees at Many of Their 300K Businesses
Gusto Is the First Partner to Leverage Clair’s New Embedded Offering That Seamlessly Integrates Earned Wage Advances Into HR Tech and Payroll Platforms
This new product and partnership has launched at a time when employers are increasingly turning to financial wellness benefits to attract and retain talent. About 80% of employers offering financial wellness benefits to employees last year said they planned to invest even more in these perks in 2024. In alignment with this trend, EWAs are the #1 most requested feature by employees using Gusto Wallet.
To meet this growing demand, Gusto is partnering with Clair to leverage the advanced lending infrastructure and compliance framework developed by the fintech team over the past three years. This collaboration provides a robust and seamless solution for EWA in a changing regulatory environment. Gusto selected Clair out of nearly a dozen on-demand pay solutions for its compliance framework and technical capabilities. Powered by its partnership with national bank Pathward®, N.A., which is the entity issuing all the advances directly to the consumers, Clair is a leading EWA provider offering bank-issued EWA with no interest. The company already partners with over a dozen workforce management platforms to provide On-Demand Pay to their connected users and facilitates millions of dollars in EWAs every month.
“Emergency expenses often arise and employees need a secure and convenient way to cover those unexpected costs,” said
Clair’s On-Demand Pay feature has already begun rolling out to Gusto members, who have access to a variety of financial benefits in Gusto Wallet, which include interest-bearing accounts backed by
“Our team has long admired Gusto for how it removes friction from the workforce management and payroll process to move the HR tech industry forward,” said
With the new Clair On-Demand Pay feature, Gusto Wallet Premium members can:
- See in the mobile app how much of their paycheck they can access
- Access a portion of their earnings each day
- Avoid a credit pull, which can affect credit scores
- Automatically repay their EWA when their next paycheck arrives
See Clair On-Demand Pay in action within the Gusto Wallet app.
About Clair
Clair is the pioneering fintech company offering free earned wage advances originated by a national bank. Clair helps professionals get paid before payday, supported by its partnership with
About Gusto
Gusto is a modern, online people platform that helps small and medium-sized businesses take care of their teams. In addition to full-service payroll, Gusto offers access to health insurance, 401(k) integrations, HR experts, employee self-onboarding, and team management tools. The company serves over 300,000 businesses nationwide and has offices in
About Pathward®
Disclosures:
Clair is a financial technology company, not a bank. All Advances are originated by Pathward®, N.A. All Advances are subject to eligibility criteria and application review. Terms and conditions apply.
While wage advances are free, if you choose to have your Advance disbursed to your Gusto Spending account instantly, you will be charged a
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Source: Clair