Trunk Tools: Trunk Tools Raises $9.9M to Make On-Demand Pay an Employee Benefit for Construction Workers

Over 70% of Americans live paycheck to paycheck. Nearly half will not be able to handle an unexpected $400 expense. With workers and their families operating on such tight margins, improving the timing of cash flows can be the difference between retaining an employee or having them quit. In the construction industry there's also been an acute labor shortage. Trunk Tools is a fintech platform for the construction industry that allows employers to provide real-time access to a portion of earned wages to their employees - gone area the day of waiting for every other Friday for that check or deposit. With Trunk Tools, employees have the flexibility to access their wages with no extra cost as needed while employers can retain talent without having to have them worry about getting paid, changing the way businesses operate and workers get paid. The platform integrates directly with existing payroll solutions and employees are given instant dedicated virtual debit cards to access their wages. AlleyWatch caught up with Trunk Tools CEO and Founder Dr. Sarah Buchner to learn more about the business, the company's strategic plans, recent round of funding, and much, much more...