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Sorbet Secures $25 Million Debt Facility from Pier Asset Management and Debuts New Payroll Integration Feature to Expand Access to Financial Flexibility for Employees

  • Sorbet secures a $25 million debt facility from Pier Asset Management to meet the demand for solutions allowing employees to access the value of their unused PTO.
  • The fintech platform has received over 200,000 applications totaling more than $75 million in unlocked PTO value, highlighting the enthusiasm for modern financial tools.
  • Sorbet introduces a new payroll integration feature through Pinwheel, enabling users to connect their accounts for seamless repayments directly from their paychecks.
  • This financing and product enhancement aim to expand Sorbet's reach, offering a unique way for employees to utilize their unused PTO as a financial resource.

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