Netcapital Appoints New CEO Rich Wheeless to Expand into Crypto Investments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
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Should l Buy NCPL?
Source: Globenewswire
- Leadership Change: Netcapital Inc. appoints Rich Wheeless as the new CEO, succeeding Martin Kay, who will remain as an advisor, aiming to drive strategic transformation under new leadership.
- Extensive Industry Experience: Wheeless brings over 20 years of financial leadership and corporate management experience, having served as CEO and CFO for several publicly traded companies, which is expected to provide valuable industry insights and strategic direction for Netcapital.
- Strategic Expansion Plans: Wheeless stated that the company plans to move beyond traditional securities by actively integrating crypto and blockchain technologies, enhancing future revenue potential while assisting small businesses in optimizing their financing strategies, indicating a strong focus on emerging markets.
- Technology Platform Advantage: Netcapital's technology platform facilitates online capital raising for private companies, and with the new CEO's background, it is anticipated to enhance the company's market competitiveness and investment appeal.
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Analyst Views on NCPL
About NCPL
Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. It provides private company investment access to accredited and non-accredited investors through its online portal (www.netcapital.com), which is operated by its wholly owned subsidiaries Netcapital Funding Portal, Inc. and its broker-deal subsidiary, Netcapital Securities Inc. In addition to access to the funding portal, it provides services, including a fully automated onboarding process; automated filing of required regulatory documents; compliance review; a custom-built offering page on its portal Website; third party transfer agent and custodial services; e-mail marketing to its list of investors; rolling closes, which provide potential access to liquidity before the final close date of an offering; assistance with annual filings, and direct access to its team for ongoing support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Technology Integration: This acquisition provides Netcapital with AI-driven design, animation, and real-time rendering technologies, expected to shorten turnaround times for investor materials while improving content quality and consistency.
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See More
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- Cash Flow Improvement: As of October 31, 2025, cash and cash equivalents reached $1,684,188, a substantial increase from $289,428 on April 30, 2025, demonstrating positive progress in liquidity management.
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See More
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- Operating Loss: The company recorded an operating loss of $2,119,457, which, while an improvement from the previous year's loss of $2,202,431, indicates ongoing challenges in its business model that necessitate a faster transformation to achieve profitability.
- Asset Acquisition: On December 3, 2025, Netcapital completed an asset purchase of Rivetz Corp., enhancing its ability to participate in the compliant blockchain digital asset market, which is expected to drive future revenue diversification.
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See More
