Slice Global Equity Secures $25 Million to Revolutionize Compliance in Global Equity Management
In an important development in the fintech industry, Slice Global Equity announced that it has secured $25 million in Series A financing, led by Insight Partners. This investment seeks to strengthen Slice's footing as a provider of AI-native compliance solutions tailored for multinational businesses. The funding round saw participation from recognized industry players such as Fenwick and Cooley LLP, alongside existing investors TLV Partners, R-Squared Ventures, and Jibe Ventures. With this financial boost, Slice has raised a total of $32 million to date.
The core of Slice's offering is a streamlined platform that empowers global companies to effectively manage equity compliance with ease. Businesses, including notable unicorns like Wiz, VAST, and Wayve, are increasingly turning to Slice's system as they grapple with the complexities of equity management across jurisdictions. Traditionally, finance, legal, and HR departments face challenges due to fragmented tools that require piecing together local tax laws, payroll coordination, and compliance mechanisms. These hurdles not only waste time but can amplify the risks of non-compliance.
Slice aims to disrupt this outdated approach with its innovative workflows that seamlessly integrate into existing finance and HR platforms. Unlike conventional systems that merely serve as records waiting for manual updates, Slice's platform actively incorporates jurisdiction-specific legal and tax considerations into its workflows. As a result, finance teams can expect to witness tangible operational improvements, including a remarkable 60% reduction in equity operations cycle times and an 80% decrease in costs related to external legal counsel.
Maor Levran, co-founder and CEO of Slice Global Equity, elaborated on the company’s mission: "We are committed to flattening the world of equity management by establishing an AI-native, compliance-first infrastructure layer. Our platform unifies equity management with the legal and tax norms of today, facilitating multi-country workflows that support CFOs in operating with both speed and compliance."
The platform enables teams to efficiently handle the entire equity lifecycle, including managing cap tables, grants, exercises, and corresponding reports. Moreover, it offers compliance management specifically tailored to each jurisdiction's tax treatment requirements. Additionally, it facilitates workflow execution, controls approvals, and ensures proper audit trails, fostering collaboration between finance, legal, HR, and payroll departments.
In today’s globalized business landscape, companies are in dire need of solutions that cater to their international reach from inception. "Slice is pioneering a shift in global equity management, innovating with compliance-first and AI-native principles to allow all organizations, from budding startups to established enterprises, to allocate equity globally, effectively, and in strict adherence to compliance regulations," Levran stated.
The reception from investors and clients alike reflects confidence in Slice’s vision. Hagi Schwartz, Managing Director at Insight Partners, admits that they were well-acquainted with the challenges faced by their portfolio companies while managing global equity compliance, acknowledging it as a costly and complex process.
As evidence of Slice's success, one of Insight's portfolio clients, cybersecurity firm Wiz, shared their experience. CFO Fazal Merchant remarked on the significant challenges posed by fragmented equity management processes, underscoring Slice's role in providing a cohesive and effective solution that integrates seamlessly into their operational strategy. He noted, "Slice is more than a tool; it ensures compliance across our global footprint by adopting a proactive approach to manage equity challenges effectively."
Slice Global Equity has positioned itself as a leading platform in the equity compliance and management sector, supported by top-tier investors and a host of globally recognized firms. Its comprehensive approach safeguards companies and employees from the myriad of regulatory risks and tax penalties that can arise throughout the equity lifecycle. The which encompasses tasks from designing compliant strategies and issuing grants to tracking employee mobility and preparing for liquidity events, continues to gain traction among startups, unicorns, and large multinational corporations. Adhering to the highest global data privacy and protection standards, Slice is ready to cater to the needs of modern firms navigating the complexities of international equity management.
The core of Slice's offering is a streamlined platform that empowers global companies to effectively manage equity compliance with ease. Businesses, including notable unicorns like Wiz, VAST, and Wayve, are increasingly turning to Slice's system as they grapple with the complexities of equity management across jurisdictions. Traditionally, finance, legal, and HR departments face challenges due to fragmented tools that require piecing together local tax laws, payroll coordination, and compliance mechanisms. These hurdles not only waste time but can amplify the risks of non-compliance.
Slice aims to disrupt this outdated approach with its innovative workflows that seamlessly integrate into existing finance and HR platforms. Unlike conventional systems that merely serve as records waiting for manual updates, Slice's platform actively incorporates jurisdiction-specific legal and tax considerations into its workflows. As a result, finance teams can expect to witness tangible operational improvements, including a remarkable 60% reduction in equity operations cycle times and an 80% decrease in costs related to external legal counsel.
Maor Levran, co-founder and CEO of Slice Global Equity, elaborated on the company’s mission: "We are committed to flattening the world of equity management by establishing an AI-native, compliance-first infrastructure layer. Our platform unifies equity management with the legal and tax norms of today, facilitating multi-country workflows that support CFOs in operating with both speed and compliance."
The platform enables teams to efficiently handle the entire equity lifecycle, including managing cap tables, grants, exercises, and corresponding reports. Moreover, it offers compliance management specifically tailored to each jurisdiction's tax treatment requirements. Additionally, it facilitates workflow execution, controls approvals, and ensures proper audit trails, fostering collaboration between finance, legal, HR, and payroll departments.
In today’s globalized business landscape, companies are in dire need of solutions that cater to their international reach from inception. "Slice is pioneering a shift in global equity management, innovating with compliance-first and AI-native principles to allow all organizations, from budding startups to established enterprises, to allocate equity globally, effectively, and in strict adherence to compliance regulations," Levran stated.
The reception from investors and clients alike reflects confidence in Slice’s vision. Hagi Schwartz, Managing Director at Insight Partners, admits that they were well-acquainted with the challenges faced by their portfolio companies while managing global equity compliance, acknowledging it as a costly and complex process.
As evidence of Slice's success, one of Insight's portfolio clients, cybersecurity firm Wiz, shared their experience. CFO Fazal Merchant remarked on the significant challenges posed by fragmented equity management processes, underscoring Slice's role in providing a cohesive and effective solution that integrates seamlessly into their operational strategy. He noted, "Slice is more than a tool; it ensures compliance across our global footprint by adopting a proactive approach to manage equity challenges effectively."
Slice Global Equity has positioned itself as a leading platform in the equity compliance and management sector, supported by top-tier investors and a host of globally recognized firms. Its comprehensive approach safeguards companies and employees from the myriad of regulatory risks and tax penalties that can arise throughout the equity lifecycle. The which encompasses tasks from designing compliant strategies and issuing grants to tracking employee mobility and preparing for liquidity events, continues to gain traction among startups, unicorns, and large multinational corporations. Adhering to the highest global data privacy and protection standards, Slice is ready to cater to the needs of modern firms navigating the complexities of international equity management.
Topics Business Technology）
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