<aside>
<img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/9286ed38-3884-44df-9d7e-f3947827acec/abound_logo_circle.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/9286ed38-3884-44df-9d7e-f3947827acec/abound_logo_circle.png" width="40px" /> Our team is what’s going to enable us to continue growing as a company. So everyone who works here, owns a part of the company
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Why this matters:
- We have very ambitious growth targets which, if achieved, should result in the value of the company increasing significantly
- We aim to lend £1bn in the UK, and serve 50+ international B2B clients by 2025
- The earlier you join, the bigger the upside
How it works:
- When you get your offer, it’ll include a number of growth shares
- These shares will be given to you on what is called a vesting schedule
- Your shares will “vest” over 4 years, with a one year “cliff”
- Vest means they will be transferred to you over time
- The cliff just means that you won’t get any until your 1 year anniversary. Once you hit that milestone, you’ll receive the first 25%
- For each subsequent quarter after the first year, you will receive an additional 6.25% of the remaining shares that you are owed
- This means that after 4 years, as long as you remain employed by Fintern, you will own 100% of the shares promised to you when you joined
- Growth shares are taxed as capital gains rather than income. This means that when you sell them, you will only pay ~20% tax on the proceeds
<aside>
<img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/ef65615b-6fc2-4643-902c-6f52eb6e84ea/abound_logo_circle.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/ef65615b-6fc2-4643-902c-6f52eb6e84ea/abound_logo_circle.png" width="40px" /> You will enjoy all upside of the company from the point when you join the company
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Some things to consider:
- You won’t be able to sell your shares until the company has an “exit” event, like an IPO or an acquisition
- These shares will only increase in value if the company continues to grow
- There could also be opportunities to be issued new shares in the future based on how things are going and your performance. Any new shares will also have their own vesting schedule
Learn more below:
