Kellton Tech Shares Rise After Automotive Finance Platform Win

Kellton Tech is a company that builds digital technology systems.

An automotive finance company chose it to create a platform for handling loan information.

The platform will connect different systems used to check applicants, assess credit and service customers.

It will also connect to outside companies that provide verification and financial data.

Kellton says the platform can be reused as the lender adds new products and providers.

The system is designed to protect data and keep clear records.

The company believes the connected data could later help with automation and artificial intelligence.

Investors bought the stock after the announcement, although the share price is still far below its recent high.