Cashify has announced employee stock ownership (ESOP) buyback plan worth $1 Million for its employees.
Under the plan employees would be given the option to liquidate upto 35 per cent of their vested ESOP shares.
The share buyback plan comes at a time when the company claims that it is growing at the rate of 7-8 per cent month-on-month.
Mandeep Manocha, founder, and CEO of Cashify said,"Cashify has thrived on the entrepreneurial spirit and sense of responsible ownership that our employees bring in their approach. The ESOP buyback is our way of acknowledging and rewarding their efforts. We believe that this will help unlock value, and create wealth for our high-performing talent."
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