Carver Edison
Carver Edison offers Cashless Participation® and Carbon™, two innovative products designed to enhance employee stock purchase plans and equity education. The company works with public companies to increase stock plan participation rates and provides seamless integration with existing share plan administrators.
Products Offered by Carver Edison
Carver Edison offers two main products: Cashless Participation® and Carbon™. Cashless Participation® enables employees to participate in Employee Stock Purchase Plans (ESPPs) without reducing their paycheck. Carbon™ is an automated equity education platform for various types of equity plans, designed to help build, schedule, and launch equity campaigns globally. Cashless Participation® has been recognized as a Fast Company World Changing Idea in 2020, and it is patented in the U.S. and Canada.
Services Provided by Carver Edison
Carver Edison provides services to public companies to increase stock plan participation rates. Their Cashless Participation® technology integrates seamlessly with any share plan administrator, allowing for easy implementation within a week. The company generates revenue through transaction fees related to Cashless Participation® and subscription/service-related fees paid by companies. Carver Edison aims to make their services accessible to a wide range of companies and provides a comprehensive onboarding process.
Carver Edison Cashless Participation® Technology
Carver Edison’s Cashless Participation® technology allows employees to buy more shares for the same out-of-pocket cost, thus reducing risk while delivering greater potential for gain. This technology is platform agnostic, meaning it can seamlessly integrate with various vendors and share plan administrators. Designed to bridge the wealth disparity gap among employees, it also aims to provide financial equality, diversity and inclusion, and enhanced protection against market volatility. Its far-reaching impact includes over 4,000,000 participants across six continents.
Carver Edison Carbon™ Platform
The Carbon™ platform is an automated equity education platform that supports equity education in over 10 languages. It includes features like dynamic branding and team collaboration, engagement analytics, a pre-built content catalog, and automated scheduling. Carbon™ helps companies build, schedule, and launch equity campaigns globally, providing a comprehensive tool for enhancing employee understanding and participation in equity plans.
Recognition and Media Coverage of Carver Edison
Carver Edison’s Cashless Participation® has been adopted by companies like Aramark to improve their ESPP offerings. It has also garnered significant media attention and has been featured in various outlets including Yahoo Finance, Bloomberg, and Forbes. As a result of its innovative approach and positive impact, Cashless Participation® was recognized as a Fast Company World Changing Idea in 2020.