Quid Offers Employees and Shareholders Loans on Pre-IPO Shares to Pay for AMT Exercise Tax From Last Calendar Year

SANTA MONICA, Calif., March 11, 2020 /PRNewswire/ -- Today, Quid, a fintech company, announced that it is offering shareholders help with taxes this April. The company, backed by Oaktree Capital, a leading global alternative investment management firm with expertise in credit strategies, provides loans backed only by pre-IPO, private shares, with generally no personal liability. Quid was established by former startup founders who believe that equity compensation is broken.

Traditionally, Quid has provided loans to shareholders of the top private unicorn company employees and shareholders to give them money for their shares today, while they retain upside tomorrow, with no fees taken out of pocket. Around tax season, shareholders can use this model as a way to get the proceeds they need for AMT tax surrounding their "ISO exercise" over the last year.

Quid has worked with employees of 17 different companies to date, including Flexport, Confluent and Airbnb, all of which Quid anticipates to go public over the next few years.

Quid offers a new type of loan:

• Quid allows employees and shareholders to achieve liquidity while retaining upside in their shares
• Quid's solution fees are not out of pocket
• Quid's solution generally has no personal liability
• Quid transactions can take as little as five to ten days (versus a sale, which can take three to six months) and can be done quickly before tax time

To learn more about Quid, visit https://www.getquid.com/.

About Quid
Quid offers a new kind of loan on pre-IPO equity. There is generally no personal liability on the loan, and it is intended to be fully compliant with company policy, allowing employees and shareholders to enjoy cash today without any out of pocket expenses. The loan is repaid when the company has an IPO, sale or other liquidity event, and the employees can retain upside in their equity through the liquidity event. Quid is managed by Troy Capital Holdings Group and backed by Oaktree Capital. Learn more at getquid.com.

Contact:
Brian M.
[email protected]
P: 303.586.6927

SOURCE Quid

Related Links

http://www.getquid.com