Just to be clear, Share Council is not an exchange. Mainly because we as a platform would need to comply with certain strict regulation and even have a set of auditable permits from the Authorities of Financial Markets to be able to do so. This would make our platform too expensive for most Employee Participation plans. The consequences are small, there is just no pricing or bidding on our platform. The platform is used to facilitate and document transfers between individuals. As a company one can even go as far as prohibiting a transfer between employees overall. There is a feature for employees to be able to indicate that they would like to buy or sell something. This feature is proven to be very effective without turning the platform into an exchange. This just means that you can not indicate on the platform that you would like to sell 10 pieces for 8 euro’s each, where someone else then would respond to indicate that they would buy them for 7 euro’s each. What is possible is that you indicate you would like to sell 10 pieces, without mentioning a price.
Amsterdam-based social enterprise Share Council, a FinTech startup focused on “closing the capital wealth gap by making every SME employee co-owner”, announced on Tuesday that it is proud to have raised over €1M in funding from The Sharing Group (known from MyWheels & Mijndomein) and a network of strategic angel investors. Share Council is build on the premise of “everyone a co-owner”, hence the last 100k of stock is now publicly coming available, see sharecouncil.co/invest
Read moreJust 5 Million EU employees own equity in the company they work for. This creates a staggering divide and it leaves Europe behind in the race for global talent.
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