Vestd in the business of offering equity as an incentive to loyalty
by Startacus Admin
We are always interested in innovations and initiatives that aim to make it easier to start, grow and scale a startup. From the quirky in Pitchbot - which helps you practice your startup pitch, to Campus Capital - a VC fund run on university campuses, to help provide an on-campus educational framework and hands-on VC experience to aspiring investors and entrepreneurs.
So this week step forward Fintech startup Vestd, a platform that turns your business's equity into an ’easy-to-distribute’ and trade currency that helps people and businesses invest in each other. They've called it the equity economy. But, they are keen to stress they are more than just a platform for distributing equity.
Vestd aims to be very much in the business of offering equity as an incentive to loyalty.
Business founders and owners can easily distribute their equity to loyal team members as a reward for their hard work and as an incentive to stay with the business for
long haul, or businesses can reward customers for their advocacy, early adoption and as an incentive to try their product or service.
It’s a simple idea really - Vestd is simply offering a FCA-authorised platform to allow that distribution of equity to be easily facilitated.
Understandably, Vestd has plans to grow and scale their own platform, so apart from the fees to administer the process of distributing shares, as far as we can tell, they also receive a small proportion of the eventual monetary gain that the contributor receives when the shares they have earned are monetised - meaning that as more startups and businesses use the platform, the more future reward they also hope to see.
Of course we’ve a vested interest in watching how this ‘equity economy’ business progresses, and we look forward to hopefully hearing lots of positive feedback on the Vestd going forward...
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
The Yorkshire-based tech spin-out, FourJaw secures major funding to assist with developing its technological solutions for the manufacturing sector
The lowdown on Jack & Bry, the innovative London-based startup that makes a range of plant-based meats, all from Jackfruit
Week Gen-C is a week long calendar of events focused on entrepreneurship and careers, aimed at helping young people affected by the covid pandemic in the North West of NI
Leading startup community, YSYS launch 4 days of innovative online conversations and a range of new initiatives with the core theme of “Access”
Jean Gamester from Toastmasters International shares her tips on bringing back some of that old normal and staying fabulously virtually connected
Karakuri is a London-based startup that's using robotics to create innovative solutions for the catering sector
Planning to launch a fashion brand this year? Here are a few basic tips that will help you do just that and get your business off to the right start
Bippit is an online platform and app that helps companies to support the financial needs of their employees - not just via their salary
.png)
2021 may be a challenging time to start a business, but these tips should help you get it right...
Startacus and Hatch Enterprise celebrate International Women’s Day by partnering with NetMinds to bring together female founders for a virtual speed networking event
Published on: 23rd March 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- FourJaw’s six figure venture capital boost 1st Mar 2021 The Yorkshire-based tech spin-out, FourJaw secures major funding to assist with developing its technological solutions for the manufacturing sector
- Week Gen-C to offer career and entrepreneurship respite to pandemic-hit youth 1st Mar 2021 Week Gen-C is a week long calendar of events focused on entrepreneurship and careers, aimed at helping young people affected by the covid pandemic in the North West of NI
- #YSYSAccessWeek: Building a diverse, inclusive and accessible tech startup ecosystem 28th Feb 2021 Leading startup community, YSYS launch 4 days of innovative online conversations and a range of new initiatives with the core theme of “Access”
- Startacus and Hatch Enterprise offer speed networking IWD-inspired event 24th Feb 2021 Startacus and Hatch Enterprise celebrate International Women’s Day by partnering with NetMinds to bring together female founders for a virtual speed networking event
