Stashfin, a financial services platform in India, has announced a substantial Employee Stock Option (ESOP) allocation to reward long-term employees. With over 170 employees, the company ensures that its ESOP programme offers significant value to each team member.
Employees who have completed five years with the company will receive ESOPs worth Rs 5 lakhs, while those with three years of service will be allocated Rs 3 lakhs worth. This initiative is part of Stashfin’s Rs 600 crore ESOP pool, reflecting its commitment to fostering a culture of shared success and recognising employee dedication.
The ESOPs come with a four-year vesting period and a 12-month cliff, encouraging employees to contribute meaningfully over time. Performance-based allocations are also a key component, ensuring that high-performing and loyal employees are not only recognised but financially empowered. This approach aligns with Stashfin’s vision of mutual growth and shared success.
The vested ESOPs can be unlocked during liquidity events such as an IPO or acquisition. This ensures that employees actively participate in the company’s wealth-creation journey as Stashfin achieves significant milestones in its growth trajectory.
The move underlines the company’s focus on creating long-term value for employees. By embedding ownership into its employee benefits programme, the company is building a culture that prioritises shared growth and rewards commitment.
This ESOP initiative reinforces Stashfin’s position as a competitive employer in the fintech industry, attracting and retaining top talent while emphasising its core ethos of collaboration and mutual success.
Tushar Aggarwal, co-founder, Stashfin commented on this move and shared, “This ESOP allocation reflects our belief in creating meaningful value for our employees while recognising their long-term commitment to driving our vision forward.”