Company: Vestd
Founder/CEO: Ifty Nasir
Website: http://www.vestd.com
About Vestd
Vestd is the original and most advanced sharetech platform!
Basically, we make company share schemes a piece of cake.
Vestd brings shares alive, enabling team members to see how much they are set to gain, and how much they can grow their slice of the pie if their company increases in value.
The basics:
We started in 2014 and are based in London but the team is now fully remote, working across the UK and beyond.
Over the past three years, our team has grown from 40 people to 94!
Why we do this:
We are driven by an ambitious vision for a fairer world. Sharing is literally life-changing stuff.
The Vestd platform is as easy to use as a Facebook profile page, but revolutionises businesses and the wider economy.
93% of customers agree that the platform has boosted recruitment.
95% agree it has improved employee loyalty.
Productivity nearly doubles with a Vestd share scheme in place.
For every 100k share schemes, you can add £1bn to the economy.
Since we opened our doors, the number of companies taking out a share scheme in the UK have risen by 90% and competitors have sprung up, confirming the validity of our vision.
Challenges:
In terms of challenges, most companies do not understand the profound benefits of having a share scheme, or how easy it is for them to have one.
So these have been our main hurdles. And to that end, we run a lot of awareness campaigns. We recently delivered our EMI Revolution Manifesto to the Government for example, launched National Share Scheme Day last year and the Most Generous Company in the UK competition.
We also launched our podcast last summer, featuring guests such as Simon Squibb, Piers Linney and Apprentice Winner Mark Wright.
The future:
Our ultimate moonshot aim is to see 1bn people share ownership of the companies they contribute to.
That might seem like a wildly ambitious target but it speaks to the fact we are trying to forge a new international business culture, not just sell a product.
And in terms of day-to-day achievements, over the past year alone Vestd has
1) launched a new product aimed at a new audience.
2) secured two new accreditations (B Corp and ISO27001) AND..
3) started trading in a new territory – India!
Vestd India (currently Trica Equity) launched last month and in terms of Indian customers, we now have twelve unicorns as customers alongside thousands of other platform users.
For us, this is just the start of our global ambitions in addition to being the first in the UK, and the most advanced in our sector.
Sharing is winning!
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