In a recent announcement, the company unveiled a successful seed funding round, garnering $9.9m. The round, characterised by oversubscription, was led by Innovation Endeavors, with contributions from Fifth Wall, Foundation Capital, and others. Furthermore, Trunk Tools has clinched a spot in the latest Stanford dy/dx programme, which enjoys support from distinguished venture capital firms like Sequoia Capital, Accel, Lightspeed, and Index.

Trunk Tools focuses on improving financial flexibility in the construction industry. It provides an all-in-one platform that allows employees to access a fraction of their wages on a daily basis, without incurring any additional costs. This ground-breaking solution serves as a significant boon for an industry plagued with wage payment delays and offers a competitive edge to employers seeking to attract and retain skilled labour.