“The plan instead is to generate revenue from a growing array of fintech products that it sells to the businesses it buys.”
Teamshares has bought 84 small businesses from retiring owners, sometimes below market price, with $245 million in venture money and $150 million in debt. Employees get 10% of the stock now and a promise of 80% within 20 years. Meanwhile Teamshares sells those same companies its neobank, its credit cards and its insurance. The workers get a slow path to ownership and the VCs get captive customers from day one.