Hey, we’re Clair.

We create financial products that employees love

clair team

Clair’s mission is to make every hourly worker financially free.

We believe that financial freedom is the first step to living a more empowered life. For us, that means:

  • giving employees access to their wages, for free, the moment they clock out of work
  • providing quality financial services without any high or hidden fees
  • working with employers to promote financial inclusivity

The end of payday loans. The future of finance for hourly workers.

Get in Touch

Clair

We are in the arena fighting for financial freedom

Our beliefs:

  • Given the right tools

    Given the right tools, everyone can build a bright and independent financial future

  • Finances don’t need to be complicated or scary

    Finances don’t need to be complicated or scary

  • People fare better when nudged in the right direction

    People fare better when nudged in the right direction

  • Employees who are financially free are better employees

    Employees who are financially free are better employees

  • Great employers offer benefits that improve their employees' lives

    Great employers offer benefits that improve their employees' lives

  • Transparency is the key to a fintech’s success

    Transparency is the key to a fintech’s success

  • Fair financial services can be offered to everyone and be profitable

    Fair financial services can be offered to everyone and be profitable

Meet the Team

Nico Simko

quote

"The future of retail banking is to connect to employers to offer services no one has ever offered before"

Nico Simko
Co-founder & Chief Executive Officer
Nico founded the company in 2019, alongside two long-term friends, Erich and Alex. The three of them share a vision that the future of retail banking is to harness new data to better understand end customers. Nico’s relentless enthusiasm is what is turning this vision into a reality. Nico is originally from Switzerland and Argentina, and is a third-generation entrepreneur. Previously at J.P. Morgan, Nico led the M&A due diligence process on a broad range of payments companies for the firm’s Wholesale Payments division. He managed M&A, investment and partnerships due diligence on 10+ payments FinTechs with a combined valuation of >$25bn. Nico holds a B.A in Economics from Harvard University.

Erich Nussbaumer

quote

"The single condition for success is to center the product around the user"

Erich Nussbaumer
Co-founder & Chief Product Officer
Erich’s mission is that every worker that is given the opportunity, chooses Clair. When mobile banking was only starting at the beginning of 2010’s in Kenya, Erich wrote a thesis on the usage of behavioral economic theory to increase savings and went on to design a product for microfinance institutions to better serve their clients. During his early career at Real Impact Analytics, Erich developed a deep understanding of how to integrate cutting-edge tech products in large businesses to improve their bottom line. What makes him wake up every day? Working with a wicked smart team that comes to the office smiling every morning. Erich is originally from Switzerland and Peru, and holds an MPA from Harvard University.

Alex

quote

"Our brand unites our users, their employers and our partners around a mission to make Americans financially free"

Alex Kostecki
Co-founder & Chief Operating Officer
Alex is behind Clair’s marketing strategy, and business model design. His mission is to make Clair a brand that users love, and to make our business one that can scale to serve every company in America. Previously with Deloitte Consulting in New York City, Alex was the lead Manager on M&A deals for clients in the payments space, from ideation to close. Alex led several strategy projects for credit card launches, customer service strategies, and marketing strategies, generating upwards of $5 million in revenue. Why does he love his role? Working on a team with an explosive imagination, to create a world of our own. Alex is published in payments in the Wall Street Journal, and holds an MBA from New York University.

Julie Gele

Julie Gele
Head of Technology
Julie first started learning Internet technologies as a child and was running her own business in web development by the time she was in college. Her expertise has grown from generic website implementations to focus on financial technology and modern scalability measures using these technologies. Her passion in technology lies in the particular realm of human interaction and usability, defining efficient and clear methods of interaction between people and the technology they work with.

Ron DiGiacomo

Ron DiGiacomo
CHIEF COMPLIANCE OFFICER
Ron leads Clair’s overall compliance efforts, ensuring that the cutting-edge products we develop are fully compliant with financial services regulations. He previously served as Chief Compliance Officer for Consumer Banking at JP Morgan Chase, Executive Vice President and Deputy Chief Compliance Office for Wells Fargo’s Consumer division, and General Counsel and SVP of Corporate Development for USAA. Ron received a BS from the Florida State University College of Business and a JD from the Florida State University College of Law.

Lance Katigbak

Lance Katigbak
Chief of Staff
Lance leads Clair's sales, partnerships, and marketing efforts. He is passionate about creating well-designed technology products that can help people lead more frictionless lives. He joins Clair from Boston Consulting Group where he spent over three years advising clients across the USA and Asia-Pacific on financial technology, operations, and retail. Lance has an AB degree in Visual and Environmental Studies (Film Production) from Harvard University.

Damian Crisafulli

Damian Crisafulli
Software Engineer
Damian was raised working in small business and has always had a passion for technology. His software engineering career has largely consisted of developing enterprise solutions for bleeding edge industries including Cyber Security, Cryptocurrency, and TeleHealth. Now Damian strives to bring his technical expertise to the Clair team with the goal of modernizing banking and access to wages for the digital age.

Alexei Furs

Alexei Furs
Legal and Compliance
Alexei aims to position himself at the intersection of law and technology. His goal is to bridge the gap between law and technology to encourage innovation and empower individuals. Alexei started his career in the technology world as a product manager in the advertising industry and eventually made the jump to the legal world to leverage his experience as a (future) lawyer on the bleeding edge of new emerging technologies and businesses.
Originally from New York, Alexei worked as legal intern at Twitter and BetterCloud. He joins Clair after working with them through Brooklyn Law's Incubator and Policy Clinic. Alexei is currently pursuing his J.D at Brooklyn Law School and holds a B.A. in Government from Georgetown University.

Wesley Cash

Wesley Cash
Operations
Wesley joins Clair after completing his B.A. at Harvard University. His curiosity in developmental economics and behavioral science led to his studies in Economics and Psychology. Previously, Wesley served as Managing Director and on the Board of Directors for Harvard Student Agencies and interned with the Boston Consulting Group, where he will be returning as an Associate later this year. Wesley is excited to join the Clair team and is passionate about helping more people become financially free.

Teddy Peralta

Teddy Peralta
Product Intern
Teddy is currently a junior at the University of Pennsylvania, studying Mathematical Economics and Cognitive Science. He is highly interested in the intersection of financial technologies and social impact, possessing experience developing both traditional and non-traditional financial solutions. At Penn, he is currently involved with the university’s credit union, having led its lending and credit research departments respectively. At Clair, Teddy hopes to create positive social impact through financially empowering workers with well-designed and tailored financial products.

May

May Datul
Executive Assistant
May has 13 years of combined experience in both the corporate and virtual worlds. An Engineer by profession in the Philippines, she shifted to remote work to balance her career and family. Since then, she has supported many companies and top-level executives by efficiently managing administrative duties and responsibilities. At Clair, she strives to execute multiple priorities with excellence and professionalism.

Clair

Clair
Clair is a golden retriever puppy who is technically a Gen Z-er but is a millennial at heart. She enjoys eating kale, playing with her avocado stuffed toy, and bringing joy to the rest of the team. Follow her on Instagram at Instagram.com/ClairTheGoldenGirl

Advisors

  • Aditi Maliwal

    Aditi Maliwal

    Growth

    Partner, Upfront Ventures

  • Michael Vaughan

    Michael Vaughan

    Operations

    Former COO, Venmo

  • Craig Vaream

    Craig Vaream

    Payments

    Former Head of Payments NA, JPMorgan and  Former Board Member, NACHA

  • Nicholas Westphal

    Nicholas Westphal

    Capital

    Former Head of Technology Private Equity, CDPQ and Former Board Member, AvidXchange

  • Thomas Kunz

    Thomas Kunz

    Management

    Former CEO, Danone Dairy and Danone Waters

  • Paul Appelbaum

    Paul Appelbaum

    Growth

    Founder, Seamless

  • Chris Pfluger

    Chris Pfluger

    Go-To-Market

    Founder, Optimatic

  • Micah Rosenbloom

    Micah Rosenbloom

    Growth

    Partner, Founder Collective

  • Josh Diamond

    Josh Diamond

    Growth

    Walkabout Ventures

  • Kristina Kelada

    Kristina Kelada

    Human Resources

    Former Director at ADP, Former HR VP at Valet Living

A transparent business model

Even in good times, we never charge fees to hourly employees in order to help them lead better financial lives. Here’s how we keep the lights on

Our Revenues

Employer Fees

Employer Fees

We charge businesses a small monthly fee for the high ROI benefit that we are offering their employees

Interchange Fees

Interchange Fees

Whenever employees shop with their Clair card, Mastercard gives us a portion of the total transaction value

Where they go

SG&A

SG&A

We spend on the usual things that any business spends on: salaries, rent, developing the app, and more

R&D

R&D

We invest significantly in research and development to build the best technical products to help hourly workers

Cost of Float

Interest

We borrow money and pay interest in order to finance the cost of advancing wages so your employees can access them for free

Profits

Profit

And the rest is our profit, which we re-invest in building new and better products for hourly employees

Want to join the team?

See Openings

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