Shaparency launches equity crowdfunding campaign on Ata Plus
KUALA LUMPUR: Shaparency, a specialised digital platform aimed at digitising company board and shareholder operations, announced an equity crowdfunding (ECF) campaign to raise up to RM10 million for market expansion and acceleration.
The fundraising exercise is facilitated by Ata Plus, an ECF platform, registered with the Securities Commission Malaysia.
The Covid-19 pandemic has impacted board management and corporate governance two-fold.
Faced with increased operating challenges brought on by the pandemic, the demands on management have become exponentially greater, while the global-wide move to remote working has simultaneously made it harder for leaders to execute their increasingly crucial roles.
With fewer than 15 per cent of companies globally using any type of board technology, these challenges have highlighted the largely paper-based board and shareholder management as outdated, inefficient, exhausting and costly.
More than ever before, there is an increasing amount of accountability and responsibility placed on companies to ensure good company governance and an increasing realisation that companies can often spend too much time on the administrative tasks of governance.
Responding to these problems, and recognising regulatory and shareholder engagement technology as the new frontier for Software-as-a-Service (SaaS) to disrupt, Ben Nowlan, a UKbased entrepreneur with over 15 years’ experience with his own ventures and as a senior executive in global firms, founded Shaparency.
Shaparency provides a platform for comprehensive governance management, including the capability to digitise meetings, minutes, voting, resolutions, document signature and document management,integrated through the use of blockchain to provide immutable data security.
“We are tackling a longstanding universal issue in company governance which has direct correlation with poorer company performance, lower company valuations and lower return on investment (ROI) for shareholders.
“Our platform saves time and money for company secretaries, chief executive officers (CEOs) and boards, whilst delivering improved shareholder experience,” Nowlan, who is also Shaparency’s CEO, said.