Case Study - Digitizing Ghana’s first public rights issue experience
Encodev Labs built the digital infrastructure behind CAL Brokers’ Sharevault and Rights Issue platforms—digitizing public participation in Ghana’s capital markets and facilitating over $20M in capital raised for CAL Bank.
- Client
- CAL Brokers
- Year
- Service
- Capital markets systems, Shareholder portals, Payment integration
Overview
In 2009, CAL Brokers wanted to lead Ghana into a new era of capital markets infrastructure. With the help of Encodev Labs, they launched Sharevault—a platform that enabled shareholders to securely purchase and reallocate shares online, raising $20 million in capital for CAL Bank.
Building on this success, the following year we developed Ghana’s first real-time digital rights issue platform. It enabled shareholders to verify entitlements, subscribe to offerings, and complete secure payments from any location. The system also featured automated allocation logic, reporting tools, and integrations with CAL Bank’s backend systems.
This marked a major step forward in the digitization of Ghana’s financial services industry—creating the blueprint for future equity and IPO platforms in the region.
What we did
- Sharevault digital capital raise system
- Online rights issue platform
- Real-time investor portal
- Bank integration for payment verification
- Regulatory compliance support
- Audit trails & reporting
- Shareholder authentication and tracking
The Sharevault and rights issue platforms were game-changers. They modernized our entire shareholder experience and proved that digital infrastructure could transform capital raising in Ghana.
CEO, CAL Brokers (2010)
- Capital raised via Sharevault
- $20M
- Digital rights issue in Ghana
- 1st
- Online shareholder processing
- 100%
- of investors onboarded
- Thousands