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Trunk Tools Raises $9 Million for Faster Construction Pay

Construction-focused FinTech Trunk Tools has raised $9 million to help workers get paid faster.

The company’s seed round, announced Thursday (July 13), comes at a time when instant payroll is becoming increasingly important to workers.

“The manufacturing and construction industries have grappled with a labor shortage and productivity crisis that Trunk Tools is solving,” founder and Chief Executive Dr. Sarah Buchner said in a news release.

She noted that job openings in the construction space are at a record high, with 4 in 10 craft workers expected to retire in the next five years.

#AligningIncentives

Disclosure

Trunk Tools is a financial technology company, not a bank. Banking services provided by Thread Bank; Member FDIC. The Trunk Tools Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. 

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