Sorbet, founded in 2019, is a pioneering AI-powered fintech platform focused on reimagining how Paid Time Off (PTO) is leveraged by both employees and employers. The company, known for its slogan "Using AI to turn time off into financial opportunity for employees and the teams they work for. #fintech #AI", seeks to transform unused PTO into a financial asset.
By offering a seamless application process where employees can access the cash value of unused PTO through a paycheck-linked repayment system, Sorbet enhances employee financial flexibility without requiring job resignation. For employers, this model introduces a novel financial wellness benefit that boosts employee satisfaction and retention, without necessitating changes to existing payroll systems.
Backed by an impressive $31.00M Series A investment from Meron Capital in December 2021, Sorbet is poised to redefine PTO, not merely as downtime but as a strategic financial tool within the Financial Services and Fintech industries.
