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Can pay day loans be made obsolete? With $15M more

The whole world generally seems to go faster every and yet, nothing feels slower than the speed by which paychecks get distributed year. In the us, work carried out a single day after a pay duration will need a couple of weeks just to procedure, with a check or direct deposit coming another 14 days later on. When it comes to tens of millions of staff members whom reside paycheck-to-paycheck, that multi-week wait can function as the distinction of making a rent check — or otherwise not.

A number of startups have actually approached this issue with various solutions, and something associated with most recent and a lot of offerings that are compelling Clair.