Netcapital Appoints New CEO to Expand into Blockchain Investments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
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Should l Buy NCPL?
Source: Newsfilter
- Leadership Change: Netcapital Inc. appoints Rich Wheeless as the new CEO, with former CEO Martin Kay remaining as an advisor, aiming to drive strategic transformation under new leadership.
- Extensive Industry Experience: Wheeless brings over 20 years of financial leadership experience, having served as CEO and CFO in various public companies, which is expected to provide valuable industry insights and management capabilities to Netcapital.
- Strategic Expansion Plans: Wheeless stated that the company will move beyond traditional securities to actively explore opportunities in cryptocurrency and blockchain investments, which is anticipated to significantly enhance revenue potential for small business financing.
- Technology Platform Advantage: Netcapital's technology platform facilitates online capital raising for private companies, and with the new strategy, it may enhance its market competitiveness and attract more investor interest.
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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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- Market Opportunity: By simplifying the narrative around tokenization and digital asset concepts, Netcapital aims to make these ideas more accessible to everyday investors, thereby expanding its investment opportunities in the private market and driving long-term growth.
See More
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See More
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- Operating Loss Situation: The operating loss stood at $2,119,457, showing slight improvement from $2,202,431 a year ago, yet the ongoing losses highlight challenges in profitability that could affect investor confidence.
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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.
- CEO Strategic Update: Newly appointed CEO Rich Wheeless will host a business update conference call on December 16, 2025, aimed at communicating the company's strategic direction and growth potential to investors, thereby enhancing market confidence.
See More
