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