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Stashfin grants ESOPs up to INR 5 lakh to each employee, empowering long-term value creation
· Empowering over 170 employees with substantial value creation and rewards
Mumbai, 14 January 2025: Stashfin – a leading financial services platform in India, announced the allocation of Employee Stock Options (ESOPs) worth ₹5 lakhs and ₹3 lakhs for employees who have completed five and three years, respectively. This milestone comes as part of the company’s INR 600 crore ESOP pool, aimed at recognising long-term commitment and fostering a culture of shared success by rewarding and retaining top talent in the fiercely competitive fintech market. At Stashfin, every employee is eligible for ESOPs as part of their compensation package. With over 170 employees, the company ensures that the value created for each individual is significant.
The ESOP structure at Stashfin is designed to foster long-term employee engagement and reward commitment. It includes a four-year vesting period with a 12-month cliff, ensuring that employees who contribute meaningfully over time are well-compensated. Beyond tenure, performance plays a pivotal role in determining additional ESOP allocations, making the program both equitable and aspirational. This approach ensures that loyal and high-performing employees are not only recognised but also financially empowered, reinforcing Stashfin’s ethos of shared success and mutual growth.
Tushar Aggarwal, Co-Founder, Stashfin commented, “At Stashfin, we are committed to fostering a culture where every teammate is a key contributor to our success. This ESOP allocation reflects our belief in creating meaningful value for our employees while recognising their long-term commitment to driving our vision forward.”
The vested ESOPs can be unlocked through liquidity events such as an IPO or an acquisition. The company is focused on ensuring that employees share in the wealth creation journey when Stashfin reaches significant milestones.
Stashfin’s ₹600 crore ESOP pool is one of the largest in the Indian fintech space, highlighting the company’s focus on creating long-term wealth for its employees. Stashfin continues to build a culture of ownership and shared success, making ESOPs a key pillar of its employee benefits program.
About Stashfin
Founded in 2016, Stashfin is India’s leading financial services platform dedicated to provide access to fair, fast, affordable and transparent financial products for millions of borrowers across India. Having secured more than Rs.6000 Cr through multiple rounds of equity and debt funding from global marquee investors like Uncorrelated Ventures, Fasanara Capital, Tencent, Abstract Ventures, Altara Ventures, Kravis Investment Partners, and Snow Leopard, Stashfin provides affordable financial products to borrowers in India to meet their credit needs. Stashfin also aims to empower borrowers with opportunities to build their credit footprint while promoting financial inclusion and economic freedom. With over 4 crore App Downloads and 30 lakh approved users from more than 1000 + cities, Stashfin aims to empower individuals in helping to take charge of their financial health.
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