In a significant move highlighting our commitment to the Syfe team, we launched our first-ever employee share buyback program. While most private companies wait until they are near an IPO to offer such buybacks, we’re bucking the trend by rolling out this initiative at an much earlier stage in our journey.
A milestone moment
We’ve allocated up to SGD 5 million for the buyback, giving nearly 200 current and past employees the opportunity to turn their hard work into tangible gains. This move is designed to create new pathways for employees to benefit from their contributions, especially in a market where liquidity events are becoming less frequent.
This marks a milestone for all of us at Syfe – a chance for our team members to directly benefit from the company’s success, which is a direct result of their dedication, hard work, and loyalty.
We made the decision early on to make every team member a shareholder through our Employee Stock Option...