FinTech startup Object Astra has leveraged the Covid-19 crisis by launching a new sweat equity platform that can tap into the skills from professionals furloughed due to the pandemic.
Sweat equity refers to the practice of paying workers with stakes in the business rather than with a salary, which is very common among startups.
Object Astra’s platform connects people looking for work and who would be happy to be paid in equity with businesses offering such arrangements.
Christiaan Trahms, co-founder of Object Astra, said that the company been under development for two years, but that the coronavirus crisis has accelerated the launch to leverage the influx of talent looking for new work due to to the pandemic.
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