Our mission is to enable hourly workers to own the long-term value of their work.

Salt Labs, a FinTech bridging the gap between employees and employers, has raised an $8m investment from Third Prime. This significant funding elevates the company’s total capital to $18m, reflecting its strides in pre-Seed and Seed financings.

Salt Labs, a NYC-based loyalty and financial technology company for employers and employees, raised additional $8M in funding. The round, which brought the total amount to $18M, was led by Third Prime. Third Prime’s Mike Kim will join the Board of Directors, alongside Logan Allin, Managing Partner and founder of Fin Capital, who led the company’s pre-seed financing earlier this year.

Salt Labs, a loyalty and financial technology company, has raised $8 million in funding from Third Prime Capital, bringing its total funding to $18 million. The company helps employers offer a loyalty-earned asset called Salt to their workforces. Employees can earn Salt based on the time and effort invested in their work, and can then allocate and spend it on various items, experiences and savings products.

The startup aims to boost loyalty among frontline employees by granting rewards based on the number of hours worked.