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  • 기자명 joseph Choe
  • Tech & Bio
  • Published 2022.11.14 18:14

Quota Lab, Introduces ‘Quota Book’, a securities management platform for startups at SWITCH 2022. “Efficiency ‘UP!’ through business automation!”

Quota Lab Inc. (CEO Dong Hyun Andy Choi) participated in the global startup exhibition, ‘SWITCH 2022 (Singapore Week of Innovation and Technology 2022),’ held in Singapore from October 25th(Tues) to the 28th(Fri).

Quota Lab, established in 2019, is the operator of ‘Quota book’, the equity management platform for startups and investors. Quota Book is a useful service for startups and investors who need to manage their securities on their own. It enables startups to manage securities more safely and efficiently by digitalizing the cap table and stock options, and it enables investors such as VCs and accelerators to manage their funds and portfolio.

A view of the Quota Lab booth at ‘SWITCH 2022’ in Singapore | filmed by Aving News

By operating services, such as the ‘all-in-one corporate establishment package’ that takes care of all the processes needed for incorporation such as the establishment registration, corporate account issuance, business registration, and securities management for prospective entrepreneurs, and ‘Quota Space’, the communication platform for startup investment and incubation, they make the inefficiencies in the startup industry more efficient.

Quota Book, which was mainly introduced at this exhibition, is a SaaS-based securities management platform released by Quota Lab in 2019 that provides various functions that automate and streamline securities management tasks. Quota Book has the advantage of efficiently running various tasks needed for securities data management, such as managing shareholder lists, managing stock issuance history and changes, granting and vesting stock options, preparing for shareholders’ meetings, and taking the minutes. Quota Lab revealed that as of 2022, around 4,200 customers including startups such as Toss, Danggeun Market, O!House, Zigbang, etc., and investors such as Hana Bank, Shinhan Capital, etc., are using Quota Book. 

Provided by Quota Lab

Quota Book’s main service is digitizing startup stock issuance history and shareholder list management, and stock option management through software. Specifically, it functions as an ‘automated shareholder management’ that records details of stocks issued by the company in time series and updates the shareholders’ list that reflects old share transactions when there is a change in shareholders. It comprehensively computerizes various events such as old share transactions, stock splits, and bonus issues, making it easier to prepare for the general shareholders’ meetings.

Furthermore, if the shareholder list is computerized and the only thing left is to record the general meeting agenda in the system, notices, power of attorney, and minutes are automatically created. Managing stock options, which early-stage companies have difficulty managing, are also a major service area for Quota Book. It automatically calculates the grant date, possible exercise timing, and the amount that can be exercised.

A Quota Lab official said, “Quota Book constantly upgrades functions suitable for various inconveniences and problematic situations through solving corporate problems of numerous corporations, including unicorn startups and early-stage startups. Moreover, customer satisfaction is high in that the consultants who consist of securities management experts, such as VC examiners, former management team, etc., counsel and solve problems and concerns related to startups and VC operations in general.

A view of the Quota Lab booth at ‘SWITCH 2022’ in Singapore | filmed by Aving News

Having its 7th iteration this year, ‘SWITCH 2022’ is global startup exhibition hosted by Enterprise Singapore, a public institution under the Singapore Ministry of Trade and Industry. The 20 Korea startups that are attending ‘SWITCH 2022’ were selected by 2 organizations in KISED and Singapore’s KSC Center (KISED 10, KSC Center 10). Between October 25th to the 28th, the attending startups will be in the main event, where they will take part in programs like operating the K-STARTUP demo booth, K-STARTUP demo day, investors meeting, networking event, and pitching contest.

Korean companies participating in the global startup exhibition ‘SWITCH 2022 (The Singapore Week of Innovation and Technology 2022)’ held in Singapore on the 25th | Photo - AVING NEWS

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