VANCOUVER, May 15, 2018 /CNW/ - Katipult Technology Corp.
(TSXV:FUND - Frankfurt: K10) ("Katipult" or the "Company"), an industry leading and award-winning fintech company, is
pleased to announce that it has added Qatar Development Bank ("QDB") as the latest organization to implement Katipult's software
into its operations.
As a fully owned government financial entity setup to invest in and develop local industries, QDB was seeking an innovative
solution to nurture a culture of angel investing in Qatar to support the entrepreneurial
Ecosystem. The goal was to provide users with an informative, responsible, accessible platform that controls the regulatory
aspects and encourages investors and entrepreneurs to engage. Katipult's white label crowdfunding software was selected as the
best match for QDB's requirements.
"We continue to grow our client list with great organizations and we're excited to work with QDB to bring their vision to
market using our technology," said Brock Murray, CEO of Katipult. "In addition to providing
local SMEs with financial assistance, the support and guidance to grow and expand their activities with this project are of
tremendous value. The MENA region presents a great growth opportunity and we are excited to be expanding our footprint with the
addition of QDB, following on from April's announcement of two new clients in the UAE."
Mr. Murray continued, "We are continuing to see a growing demand for a solution that is able to match the needs of companies
seeking to raise capital in the private markets in countries across the world. While regulatory and compliance constraints can
make the process strenuous, we have designed our product to allow customers to implement a solution with ease."
About Qatar Development Bank
Qatar Development Bank is a financial institution fully owned by the Government of Qatar. QDB's objective is to invest and develop local industries by supporting small and medium enterprises
(SMEs) in Qatar. The strategy is aligned with the Qatar National Vision 2030 to promote and
facilitate development and growth of SMEs in core economic realms resulting in long term socioeconomic benefits to the people of
Qatar. In particular, QDB's mission is to develop and empower Qatari entrepreneurs and
innovators to contribute to the diversification of the Qatari economy, through successful small and medium enterprises that are
able to compete in global markets.
About Katipult
Katipult (www.katipult.com) is a financial technology
(FinTech) company offering proprietary, cloud-based software infrastructure on a white label basis that allows client firms to
design, set up, and operate their own branded investment platform across multiple distribution channels - including web, mobile,
and social media. Businesses deploying the Katipult platform are operating in over 20 regulatory environments to grow investor
networks, efficiently manage investors, and streamline deal-flow administration in the areas of equities, debt and real
estate.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including
statements regarding growth opportunities 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 that the Company will be able to
successfully acquire new customers. 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. Such risk factors may include, among others, the Company will not be able to
successfully acquire new customers and the Company will not be able to successfully implement its technology. 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.
SOURCE Katipult Technology Corp.
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