Carver Edison, an award-winning New York City based financial technology company that is transforming employee compensation, announced a new partnership with Global Shares, a leading global fintech provider of employee ownership and share dealing solutions. By leveraging Carver Edison’s patented Cashless Participation™, employees at public companies can acquire significantly more stock through their Employee Stock Purchase Plans (ESPP) to help build sustainable wealth.
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Equity compensation, and specifically employee stock ownership, has the potential to help millions of workers who are facing limited wage growth and difficulty saving. Broadening access to the market and reducing financial risk is crucial to connecting more individuals, particularly lower-income earners, to the wealth-building power of the equities markets.
“We built Carver Edison to help America’s working class finally get ahead,” said Aaron Shapiro, Carver Edison’s Founder and CEO. “Cashless Participation™, for the first time, removes the friction between increasing compensation for employees and delivering value for shareholders. We’re thrilled to be partnering with Global Shares to bring our technology to a greater segment of the US market as well as global markets, and to many more families who will benefit tremendously.”
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