As Vestd is a business regulated by the FCA (Financial Conduct Authority), we are obliged to hold at all times a significant capital sum in reserve (net of any outstanding financial obligations). This is currently €125,000, but will rise as the revenue of our business grows.
The purpose of this is to ensure that, in the unlikely event of our ceasing to trade for some reason, there are always more than sufficient financial resources to guarantee that the business is wound down in a way that will not impact our customers.
In this worst case scenario, we would provide you with all the relevant documents, and if you have issued any Growth (V) shares, transfer legal ownership of these from Vestd Nominees to their reward recipients (if relevant), just as we would do if you choose to leave the platform.
Our team, content and app can help you make informed decisions. However, any guidance and support should not be considered as 'legal, tax or financial advice.'