Innoviti Enhances ESOP Pool to US $10 Million
- Move designed to recognize the hard work put in by employees to create a great payments business
BENGALURU, June 29, 2020 /PRNewswire/ --
"Great companies require great teams, and great teams need exceptional talent. We love to spot and nurture talent that demonstrates outstanding levels of commitment, curiosity, and capability. While for these people their joy is their high in discovering and solving tough problems, ESOPs are one other way to make their contributions to the company worthwhile for them.
As a start-up our team members fight against several odds to create successes. It is a difficult journey and its moving to see how some people relentlessly drive this fight, dedicating their time, often way beyond office hours, to leap over hurdles and create phenomenal successes. ESOPs are a small token to make those victories that much sweeter.
Our shares have been quite liquid, and over the years several of our team members have sold their shares to fulfill their dreams. When we hear stories from our former team members of how they used this wealth to build their home, buy a car or even start their own business, the real purpose of ESOPs comes alive - to enable employees to fulfill their dreams, as they help the company fulfills its.
We are very thankful to our investors who have supported the company time and again in not only expanding the ESOP pool, but also making it accessible and attractive for team members to see meaningful benefits during their journey at Innoviti," said Mr. Rajeev Agrawal, CEO, Innoviti.
About Innoviti Payment Solutions Pvt. Ltd.
Innoviti Payment Solutions Pvt. Ltd. has been a pioneer in the use of technology to add intelligence to payment transactions, helping merchants, banks and brands utilize the full power of digital payments to drive business growth. The company processes over 6.5B$ of offline merchant payments (~5% of India's offline merchant payments volume as per RBI data), from over 1000+ cities with a volume throughput per installation that is 2X of the country's average. Catamaran Ventures, SBI Capital, Bessemer Ventures and FMO are investors in the company. The company has several patents filed for with two awarded. Innoviti is the winner of Mastercard's Innovation Wizards Award for its instant onboarding innovation, and Reliance's Most Promising Growth Consumer Finance Award for its #KuchBhiOnEMI innovation in 2019.
For more information, please visit: http://www.innoviti.com