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SeedBlink launches ESOP Design program to help Romanian entrepreneurs reward their employees through shares, in collaboration with Mavers Tax Advisory and Andronic x Partners
The program is adapted to the specific legal and tax environment in Romania.
Bucharest, February 20, 2024 - SeedBlink, in collaboration with Mavers Tax Advisory and Andronic x Partners, announced today the launch of ESOP Design, an all-in-one solution developed for the first time in Romania for startups that want to integrate employee equity compensation into their growth strategy.
This program simplifies the process of creating and managing Employee Stock Option Plans (ESOPs) for Romanian companies by leveraging the experience of legal, tax, and digital management specialists, providing founders with the tools and expertise to implement effective ESOPs tailored to Romania's specific legal and tax environment.
The ESOP Design partnership aligns with SeedBlink's strategic commitment to promote equity ownership in Romania and Europe. In 2024, SeedBlink is intensifying its efforts to scale equity management platform Nimity, simplifying the stock option plans, funding process and investor communication.
"The desire to involve employees in the success of startups is more relevant than ever. ESOP Design addresses this need by making it easier for businesses to set up, launch and manage employee ownership plans, thereby attracting, engaging, and motivating top-performing talent.
The synergy of expertise within ESOP enables startups to cultivate entrepreneurship in their teams. By cultivating ESOPs into the startup ecosystem, we are aligning interests and nurturing the next generation of business angels in Europe. We plan to expand the concept with partners in more European countries in the coming months," said Andrei Dudoiu, Managing Partner at SeedBlink.
Andreea Cosmănescu, Managing Partner at Mavers Tax Advisory, states, "Our collective goal is to make ESOPs affordable, quick to implement, and tax risk-free so that founders have a simpler administration experience. We want them to gain new and necessary tax knowledge to expand their business beyond Romania's borders through this ESOP implementation which will help them retain and motivate key employees."
"We are committed to protecting the interests of all stakeholders by simplifying the complexities of ESOP execution," added Ana Maria Andronic.
ESOP Design: simplifying employee participation
Romanian entrepreneurs interested in the ESOP Design initiative can take part in an online event on 27 February. They will explore the impact that Employee Stock Option Plans (ESOPs) can have on company culture and growth. It will also provide an opportunity for industry professionals and leaders to discuss fostering a culture of success and innovation within their organisations.
Since launching its equity management solution, Nimity, last June, SeedBlink brought over 10,000 company representatives and shareholders onto the platform. In addition, it has efficiently integrated over 2,500 company capitalization tables and facilitated ESOPs for over 500 beneficiaries. These accomplishments support SeedBlink's positioning as the only European platform that combines financing, equity management and secondary transactions for private equity into a single ecosystem.
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About SeedBlink
SeedBlink's mission is to simplify and grow equity ownership in Europe. Through its range of products, financial services, and extensive network, it offers an equity management and tech-focused venture investment platform that enables European startups and their stakeholders to access, manage, and trade equity.
SeedBlink SA is registered in the Register of the Romanian Financial Supervisory Authority (ASF), under number PJR28FSFPR/400001 as of November 3, 2022, with an EU passport as per the European Securities and Market Authority (ESMA) register of crowdfunding service providers. Contact us by email: hello@seedblink.com.
About Mavers Tax Partners
Mavers Tax Advisory SRL is a tax consultancy firm with local and international experience providing clients with customized, efficient and compliant tax solutions for individuals, investors or entrepreneurs, start-ups, small and medium-sized companies as well as large companies. Mavers Tax Advisory aims to provide its clients with complete tax peace of mind so that their focus is on creating added value for their business environment. Contact at press@themavers.com
About Andronic x Partners
Andronic x Partners is a law firm with a unique foothold in the tech ecosystem in Romania. Our team of legal professionals is passionate about upholding values like integrity, excellence, and client focused service in every project we handle. With a deep commitment to enabling the businesses of our clients, we work tirelessly to protect and further their rights and interests.
PublishedFebruary 20, 2024
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