OnBuy to reward staff with over £1m in share options

OnBuy
The move follows the marketplace achieving 200% revenue growth in the last year
// OnBuy to reward workers with over £1 million in share options
// The marketplace is considering international expansion

OnBuy has announced it will reward its workers with over £1 million in share options ahead of Christmas as it eyes international expansion.

The move follows the marketplace achieving 200% revenue growth in the last year and a successful Black Friday weekend where GMV rose by 25% year-on-year.

Over 100 employees will have an option to have a stake in the business by being rewarded with share options equivalent to around 25% of their annual income.


READ MORE: OnBuy posts 224% revenue growth


These will be able to be exercised during any liquidity event.

“At OnBuy, we do the right thing by our retailers and customers, so it’s natural that we would do the right thing by our staff too – and we don’t believe any employee should have to be in the boardroom to benefit from company growth,” Founder Cas Paton said.

“Ecommerce is a fast-paced 24 hour business and many firms have been in the spotlight recently for poor working practices and in some cases, downright abuse of staff.

“Frankly this is unacceptable and at OnBuy, we are committed to creating a fair and transparent working environment for all.”

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