Here's the 13-page pitch deck that Salt Labs, a fintech helping hourly workers build wealth, used to raise a $10 million pre-seed round
Jason Lee, founder of DailyPay and a former managing director at Goldman Sachs, founded the startup in 2022.This fintech is helping hourly-wage workers build wealth through a rewards points system.
Salt Labs announced a $10 million pre-seed round on March 29, led by Fin Capital. Lee declined to share the startup's valuation. "Have you ever tried to transfer a 401? It's very hard to transfer it to your next job," Lee said."So what happens is the hourly workforce will have like five 401s at seven different employers, and there's all this leakage that's occurring."
One of Lee's plans moving forward is making Salt cash-redeemable. He also wants to roll out Salt for employers to offer as an employee benefit.
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