NR from May 6 2021-05-06 12:16 ET - News Release
Mr. Gord Breese reports
KATIPULT AND VOPAY JOIN FORCES TO DELIVER ADVANCED PAYMENT PROCESSING FOR CAPITAL MARKETS
Katipult Technology Corp. has entered into a partnership agreement with VoPay to digitize on-line payments with speed, transparency and traceability for its SaaS (software as a service) deal management platform.
Katipult's mission is to simplify and modernize private capital markets and this agreement with VoPay enables enhanced, real-time payments across multiple channels including ACH (automated clearing house), EFT (electronic fund transfer), wire and credit card. The integrated payment capability allows Katipult to better serve its U.S. and Canadian customers and will generate incremental transactional revenue for Katipult.
Along with its VoPay partnership, Katipult is announcing new product enhancements, including:
- Auto invest: Investors can now automate their participation in deals by toggling set-and-forget preferences. Participation can be optimally tailored to the investors' individual preferences without needing to be on-line the moment new investment offerings become available.
- Repayments: Issuers can now automate the capital return process, including interest and dividend payments. Issuers simply define capital return rules and Katipult automatically processes these for investor accounts with comprehensive reporting through the investor portal.
"Working closely with a payment processing leader allows Katipult to deliver greater value to our customers. By integrating payments and reconciliation into the Katipult offering, we are able to provide a seamless experience for investors and issuers alike," said Katipult chief executive officer Gord Breese. "This agreement with VoPay is a significant step in eliminating the traditional inefficiencies, friction and cost in payment processing for private capital transactions."
"Katipult is a clear market innovator in digitizing private capital markets," said Hamed Arbabi, chief executive officer of VoPay. "VoPay is excited to work with Katipult in this innovative integration of our respective technologies."