Meet Wefunder
Wefunder is an equity crowdfunding platform. That funding you’re looking for to start your next business? You don’t have to fly to California and work your way down Sand Hill Road any longer. Wefunder has made it possible to find and lay money into companies without the need for big funding rounds or investment houses. You can fund a project instantly on their platform for as little as $100.
Wefunder
🏢 Industry - Fintech
💻 Locations - USA, Portugal, Netherlands, Germany, Spain, Italy
👪 Team size - 40
💰 Funding stage - Series A
📅 Founded in - 2012
Wefunder knew early on that, as an investment platform itself, itsemployees should be given the same chance to take personal ownership of the company they were helping to build. That’s why equity grants have been such an important part of their compensation strategy for so many years.
The Right Mindset
Being an investment-minded company, the leadership at Wefunder was already very savvy around matters of equity. They tracked and granted stock options to employees and investors without any real concerns around whether they were doing so in a legally accurate or effective way.
Like so many modern businesses, they saw the greatest potential to grow the company by working with talented people the world over. But as a scale up, they knew employees would want equity as part of their compensation package. And while they were excited to grant that equity to their team (they definitely deserved it), there was a problem.
How could they provide a way for employees in so many different countries to take part in the growth of the business without incurring huge investments of time and money to get the paperwork just right? After all, getting it wrong could cost the company or its employees a lot in taxes or penalties.
To learn more about how Easop can solve your international equity headaches, just jump on a call with us. Get Started
The Search Is On
The team knew they needed to move fast on this problem. So they didn’t waste a moment searching for a better solution. They knew that hiring lawyers across the world would take too much time and cost too much money.
So when they heard about Easop, the team at Wefunder came straight to our door to learn more about us.
And they loved what they saw.
In the time it would have taken their team to book a few meetings with a few lawyers in Spain and Portugal, they had:
🥚 Set up the Easop system
🐣 Integrated with their cap table management solution
🐥 Invited their team members and the board of directors to the platform, and
🐔 Started issuing grants compliantly to employees in multiple countries.
🗣️ Chris Vail, General Counsel @ Wefunder
“Easop is extremely user-friendly and will save you a ton of time on the process of granting options. The team is also very responsive and will help you with any issues you may have relating to the process.”
What Wefunder Loves About Easop
Wefunder is a fast moving scaleup with a lot of priorities. And granting equity to their employees? That was right at the top. But you know what wasn’t at the top? Wasting huge amounts of time to go through the grant process. One of the team’s favorite parts of the system is how fast and effortless it makes the entire grant process.
- International legal alignment
They needed a system that was always on top of the laws around equity, and how they worked together across borders. For the sake of the employees (and the company) this was the absolute top priority.
And the fact that Easop’s legal team works so closely with lawyers across the world to stay on top of the laws put Easop over the edge for the Wefunder team. Boiling down how grants and taxation work across 70+ countries, then helping employees understand how these laws affect them, was the cherry on top.
The team loves how easy Easop is to work with. They can enter the app, get an overview of the full equity pool, plan, grant, and get that equity approved all in the same space. The lead time to finalize equity went from a once-quarterly signing marathon, to a few clicks in a few minutes. A better experience for everyone involved.
Discover the future of stock option management with Easop. Your journey to seamless, compliant, and hassle-free stock option management begins here 📈
