# Sorbet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sorbet-2

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.getsorbet.com/
- Total disclosed funding: $51M
- Latest round: Series A (Dec 1, 2021)
- Investors on record: 6

## About

Sorbet, based in the US, is a financial technology company that provides innovative cash advance solutions, enabling employees to access the value of their unused Paid Time Off (PTO) efficiently and stress-free.Founded in 2019 by Eliaz Shapira, Malaika Sahni, Rami Kasterstein, Seher Kochhar, and Veetahl Eilat-Raichel, Sorbet operates out of Israel. The company primarily focuses on offering financial flexibility to employees through its cash advance service. In June 2025, Sorbet raised USD 25 million in venture debt funding led from new investor Pier Asset Management. Sorbet provides a unique cash advance solution that allows employees to access the monetary value of their unused Paid Time Off (PTO) without having to wait until they leave their jobs. The core service enables employees to receive cash equivalent to their accrued PTO, which they can utilize immediately for various personal expenses, thereby enhancing their financial wellness and reducing stress. The process is user-friendly; employees can calculate the estimated cash value of their unused PTO, apply for the service without a credit check, and receive funds directly into their bank accounts within 1-5 business days. Sorbet's clientele primarily includes employers looking to offer financial flexibility to their employees, and the user base consists of employees across various industries who are looking to alleviate financial strains. The services are currently marketed and available within the United States.The revenue model of Sorbet is structured around providing cash advance solutions to employees, where the company partners with employers to offer this service at no cost to them. Employees make regular interest-only payments from their paychecks, with the principal amount due upon loan maturity or separation from the company. This model creates a seamless transaction process that is integrated into the payroll system, ensuring efficiency and convenience. Sorbet's pricing structure is based on the terms of the loans originated by their banking partner, Lead Bank, which vary between 9.99% to 36% APR depending on individual factors related to PTO. The financial transactions are primarily business-to-business (B2B), as Sorbet collaborates with employers to facilitate the cash advance service for their employees, thereby enhancing employee retention and satisfaction without any direct financial burden on the employers. They are exploring the introduction of new features to their cash advance platform aimed at improving user experience. The company plans to utilize the June 2025 funding to expand its primary services and support an increasing base of enterprise customers, fintech collaborators, and benefits platforms.

## Funding rounds

- Series A, Dec 1, 2021, $30M — Investible, Corner Ventures
- Seed, Jun 24, 2021, $15M — Viola Group, Global Founders Capital, Group 11, Meron Capital
- Seed, Apr 30, 2021, $6M — Viola Group, Global Founders Capital, Meron Capital

## Investors

- Viola Group (https://capitalatlas.ai/funds/viola-group) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Meron Capital (https://capitalatlas.ai/funds/meron-capital) — Seed
- Group 11 (https://capitalatlas.ai/funds/group-11) — Seed
- Investible (https://capitalatlas.ai/funds/investible) — Series A
- Corner Ventures (https://capitalatlas.ai/funds/corner-ventures) — Series A