CALGARY, AB, Sept. 23, 2021 /CNW/ - Katipult Technology Corp.
(TSXV: FUND) ("Katipult" or the "Corporation"), a leading Fintech
provider of software for powering the exchange of capital in equity
and debt markets, is pleased to announce that a customer, a North
American investment dealer, recently surpassed $500M in private placement deal flow on the
Katipult platform.
Katipult provides a cloud-based, end-to-end digital
infrastructure which helps wealth management and capital markets
businesses to facilitate the creation, launch and closing of
private capital deals to ensure the best possible outcomes for
clients.
"This is a significant milestone and proof point for Katipult",
said Gord Breese, Katipult CEO, "Leading investment dealers and
wealth management firms require a purpose built, secure platform to
manage coordination across teams and geographies in order to meet
growing investor demand for private placements and alternative
investment products. We achieved this important client
milestone well ahead of what was originally envisioned, proving out
both the scalability and rapid adoption Katipult can deliver."
Leveraging Katipult's platform, customers are able to introduce
digital distribution and execution of subscription documents using
document generation and electronic signature technology. Katipult's
full capabilities include:
- Automated distribution and electronic signing of subscription
agreements, producing a 70X increase in administrative and
documentation accuracy.
- Enabling investment advisors to spend 30% more time on client
servicing, and less time on administration and low value
paperwork.
- Enhanced investor experience with integrated investor profile
database to manage exemptions and auto-populate personalized
subscription documents.
- Real-time tracking of deal and subscription agreement status
via secure, permissioned activity dashboards.
- Robust compliance monitoring throughout the deal process
- Major reduction in the time required from deal launch to deal
close compared to standard private placement process.
About Katipult
Katipult (www.katipult.com) is a
provider of industry leading and award-winning software
infrastructure for powering the exchange of capital in equity and
debt markets. Our cloud-based platform and solutions digitize
investment workflow by eliminating transaction redundancy,
strengthening compliance, delighting investors, and accelerating
deal flow. Katipult provides unparalleled adaptability for
regulatory compliance, asset structure, business model, and
localization requirements
Cautionary Note Regarding Forward Looking Statements: Certain
disclosure in this release, including statements regarding the
increased or continued industry interest in the Company's product,
future growth, the timing of additional activity on the platform
and the related creation of economic value constitute
forward-looking statements. In making the forward-looking
statements in this release, the Company has applied certain factors
and assumptions that are based on the Company's current beliefs as
well as assumptions made by and information currently available to
the Company, including, but not limited to, the Company's product
continuing to operate as expected, the industry continuing to see
value in the Company's product and the ability of customers to
complete additional activity on the platform. Although the Company
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements, including delays to additional
activity and adoption of the platform. Readers are cautioned not to
place undue reliance on forward-looking statements. The Company
does not intend, and expressly disclaims any intention or
obligation to, update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Katipult Technology Corp.