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SecFi Raises $550mn from Hedge Fund

SecFi Raises $550mn from Hedge Fund

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FintechNews RoundupUSA
··1 min read

Stock option financing startup SecFi has raised $550mn from Serengeti Asset Management; SecFi is a platform that allows workers to cash out without waiting for their companies to go public; the company uses forward purchase agreements to supply employees with cash in exchange for proceeds from future share sales; “Companies are staying private longer, and the traditional financial outlets just haven’t caught up yet,” SecFi CEO Wouter Witvoet said to the FT; the company makes money by charging between 7 and 12 percent on top of the portion of share proceeds; they are part of a growing ecosystem to cater to startup employees of fast growing startups who use various stock options as compensation. Financial Times

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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