Vendease implements performance-based pay system and ESOP while aiming for salary restoration by December 2025
300+ Words Refined into 3 Facts by AI • 1 source • 58m ago
- Vendease has implemented a performance-based pay system and an Equity Share Option Plan (ESOP) to navigate towards profitability.1
- The company aims to restore full salaries by December 2025, contingent on performance goals.1
- Founded in 2019, Vendease aims to streamline food procurement for African restaurants and has saved clients $2 million in procurement costs.1
- Vendease's buy now, pay later (BNPL) product has become a key revenue driver, with a default rate of under 1%.1
- Vendease has implemented a performance-based pay system and an Equity Share Option Plan (ESOP) to navigate towards profitability.
- The company aims to restore full salaries by December 2025, contingent on performance goals.
- Founded in 2019, Vendease has saved clients $2 million in procurement costs.
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