Indian payments firm Innoviti has increased its employee stock options plan (ESOP) pool to $10m.
The ESOP pool was created as a part of the structuring conduct during a fund raising.
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The scheme is awarded to full-time employees based on performance and loyalty. Following the enhancement, the ESOP pool will cover more than 30% of all employees.
Innoviti CEO Rajeev Agrawal said: “Great companies require great teams, and great teams need exceptional talent. We love to spot and nurture talent that demonstrates outstanding levels of commitment, curiosity, and capability.
“While for these people their joy is their high in discovering and solving tough problems, ESOPs are one other way to make their contributions to the company worthwhile for them.
“As a start-up our team members fight against several odds to create successes. It is a difficult journey and its moving to see how some people relentlessly drive this fight, dedicating their time, often way beyond office hours, to leap over hurdles and create phenomenal successes. ESOPs are a small token to make those victories that much sweeter.”
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By GlobalDataInnoviti focuses on delivering fully automated payment solutions for retailers. According to the company, Innoviti processes more than $6.5bn of offline merchant payments.
Last year, the company launched Innoviti-POS card payment acceptance solution to make it easier for smaller retailers to adopt the digital channel.
