Stay updated with breaking news from Rami Kasterstein. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/PRNewswire/ -- Sorbet, the fintech company allowing employers to refinance Paid Time Off (PTO) and employees to cash out on unused days, has announced a new...
Sorbet raises $6M seed led by Viola Ventures to tackle the thorny financials of paid time off A U.S./Israeli startup, Sorbet — which is tackling what companies do with the financial risks as employees accrue paid time off (PTO) — has raised $6 million in a seed funding round led by Viola Ventures, with participation by Global Founders Capital and Meron Capital. The economics of paid time off is relatively hidden in the business world, but essentially, Sorbet takes on the burden of this PTO from employers and then allows employees to spend it. This gives the employers far more control over...