Customer stories and inspiration

Seccl

What's the business?

Seccl is rebuilding the infrastructure of investments and advice, building technology and providing outsourced custody services for the wealth management industry.

How does the team use Vestd?

Vestd allowed us to manage the scheme ourselves rather than requiring a third party legal or accountancy firm to assist with each step. The costs we saw advertised elsewhere were significantly more expensive, particularly the initial set up fees, and the process seemed very straightforward and therefore did not consume too much time.

Flair Football

What's the business?

Flair is the UK’s first social network for youth football players. Our mission is to make every young football player feel like a star.

How does the team use Vestd?

We were introduced to Vestd as it was recommended by our lawyers to help solve the admin and paperwork issues we were facing. It solved all the problems I was worried about. We could easily visualise ownership, everyone gets their paperwork online and we could communicate through companies house with it. Everything is now in order and that’s a big weight off my shoulders. It’s also going to make doing future investment rounds much easier.

Studio Graphene

What's the business?

Studio Graphene is a digital innovation studio. We discover, design and build new digital products across mobile, web and IoT in partnership with startups and corporates.

How does the team use Vestd?

The problem we were trying to solve for when we found Vestd was that the process of giving or receiving shares in a private limited company was extremely cumbersome, expensive and confusing. The “paper based” process that exists today is archaic and is a hindrance for innovative companies operating in the startup ecosystem, when it comes to sharing some of the potential upside with employees and other partners that work with them through their journey. Vestd helped me solve the problem by making it really easy to issue EMI options to my employees. The other really important piece that I think Vestd is particularly useful for and has clearly addressed a real challenge is the ongoing management of EMI options is for the individual employees to be able to view what options they have been awarded via the portal anytime.

SPCE

What's the business?

SPCE allows students to search and pay for University-specific student rental properties, near campuses, without estate agents or crippling deposits.

How does the team use Vestd?

For most early stage startups, finding and paying for talent at time when the business is not cash rich, can be difficult. Vestd has quickened and cheapened our recruitment efforts, by enabling us to subsidise our teams salary with equity. For me, Vestd helped validate the strength of our proposition and illustrate to investors, our teams commitment to our vision. As we approach our next round of funding, we intend to use Vestd as means of illustrating the composition of our business (i.e shareholders) quickly and visually.

Koodaa

What's the business?

Real-time bookkeeping. Pay or finance bills with a tap. Cash-out pending invoices instantly.

How does the team use Vestd?

At Koodaa, we use Vestd to formalise and manage all the shares we’ve issued to investors. The complexity and amount of time it takes to submit company resolutions and set records straight with company house were getting in the way of taking the business forward. I wanted a solid base from which to build the business but with three rounds of investment and 19 shareholders in total, it was becoming hard to manage. Now everyone has their share certificate and I can clearly see all the information I need on my dashboard.