Raymond James signs on as customer CALGARY, AB , March 8, 2021 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), a provider of industry leading and award-winning software infrastructure for powering the exchange of capital in equity and debt markets, is pleased to announce the addition of Raymond James & Associates, Inc. to its growing customer list.
Raymond James, a leading diversified financial services company with approximately 8,200 financial advisors and clients assets of $1.02 trillion , selected Katipult to provide the software for a new online private placements platform to distribute alternative investment products offered by its Equity Capital Markets division across its financial advisor network. Katipult will support their operations across this spectrum of offerings while streamlining and automating internal processes like assigning financial advisor allocations, distributing investor subscription documents, and standardizing regulatory compliance and reporting.
"Raymond James shares our vision to modernize private capital markets and securing them as a customer is a significant endorsement of Katipult's capabilities. " said Katipult CEO Gord Breese. "This relationship is part of our strategy to grow our portfolio of tier 1 financial institutions and investment banks embracing fully digital capital raises and investor servicing" added Mr Breese.