- Service Name
Sorbet
- Industry
Fintech, financial services, employee benefits, payroll solutions
- Main Value Proposition
Sorbet empowers employees to access the cash value of their unused PTO immediately, providing financial relief without additional costs to employers.
- Description
Sorbet is a financial service that allows employees to access the cash value of their unused Paid Time Off (PTO) without waiting until they leave their job. It provides a seamless and stress-free way to unlock financial flexibility for employees while enhancing their financial wellness.
- Key Features
No credit check to apply; Fast and easy automatic payments from payroll; Calculate the estimated cash value of unused PTO in seconds; Receive cash directly into your bank account in just 1-5 business days
- Use Cases
Employees needing immediate cash for unexpected expenses; Organizations looking to improve employee satisfaction and retention; Companies wanting to offer financial wellness benefits without incurring costs
- Competitive advantages
No credit check required for application; Fast access to funds within 1-5 business days; No cost to employers for offering the service
- Strengths
Sorbet's main strengths include its user-friendly application process, quick fund disbursement, and the ability to enhance employee financial wellness without additional costs to employers.
- Positioning
Sorbet positions itself as a financial wellness solution that transforms unused PTO into accessible cash, catering to both employees and employers.
- Audience
The primary target users are employees who have unused PTO and are seeking financial flexibility, as well as employers looking to enhance their employee benefits package.
- CTA
Apply now
- Tags
PTO Cash Advance
Financial Wellness
Employee Benefits
Fintech
- Tagline
Turn Paid Time Off into cash
- Tone of Voice
Empowering, supportive, straightforward
- Differentiation
Sorbet uniquely allows employees to convert their unused PTO into cash without impacting their job status or requiring credit checks, setting it apart from traditional financial services.
- Brand Positioning
Sorbet identifies itself as a fintech innovator focused on improving the financial health of organizations and their employees through creative solutions.
- Founded
2019-06-01
- Founders
Eliaz Shapira
Rami Kasterstein
Veetahl Eilat-Raichel