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Employees of Expensya, the African company that is set to be acquired in 2023, cashed out $10 million in stock options.

TechCrunch LogoTechCrunch1w ago

 Employees of Expensya, the African company that is set to be acquired in 2023, cashed out $10 million in stock options. - TechCrunch

Quick Summary:

An acquisition that turns those paper returns into a cash payout while still maintaining shares in the company.

What’s more rewarding for an angel investor than paper returns in a startup?

"The return after dilution was eight times my investment,” said Selma Ribica in an interview with TechCrunch recently.


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 Employees of Expensya, the African company that is set to be acquired in 2023, cashed out $10 million in stock options. - TechCrunch (Picture 1)

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: StartupsBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-13 @ 08:09:24 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1711 words

Reading Time: 10 minutes read

Sentences: 52 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20056005

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Official Website: techcrunch.com

Year Established: 2005

Headquarters: United States

News Last Updated: 2 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #1

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