Clockout Financial

Clockout Financial Inc, founded in 2021, offers Earned Wage Access (EWA) solutions that enable users to access wages ahead of payday directly through banking apps. The company is located in Miami, US, and has completed 1 deal as of March 9, 2025.Clockout® offers Earned Wage Access (EWA) as its core product, enabling account holders to access their earned wages prior to the scheduled payday directly through their banking apps. This service is designed to address financial stress and unexpected expenses faced by employees, thereby reducing the need for high-interest loans. Clockout integrates seamlessly into existing banking platforms, partnering with major core banking providers including Jack Henry, Fiserv, and Q2, which allows for a swift deployment process.S. market, where over 85% of the workforce is eligible for EWA through its connectivity with more than 1,600 payroll systems.Clockout generates revenue through partnerships with financial institutions that implement its EWA solutions. The revenue model typically involves a subscription or service fee structure, which banks pay in exchange for integrating Clockout’s technology into their digital banking services. This relationship allows financial institutions to offer a valuable service to their customers, promoting increased account retention and growth in core deposits. Transactions occur as customers access their earned wages through their bank's app, facilitating direct financial interactions without the need for extensive changes to existing banking processes. Additionally, the company plans to extend its services into new geographic markets, including expanding its footprint to international regions by the end of 2025.

1. Seed

   Jun 18, 2025

   Amount

   $2M

   Investors

   Locked