Katipult Announces License Agreement with Leading Investment Dealer
Katipult Technology Corp. (TSXV: FUND), a prominent Fintech provider specializing in capital exchange software for equity and debt markets, has signed a license agreement with a major investment dealer. This deal aims to enhance scalability, improve business processes, and boost customer experience across North American capital markets operations. Katipult's CEO, Gord Breese, highlighted the growing adoption of their DealFlow product, which facilitates modern, efficient workflows and minimizes errors in both retail and institutional investor participation in new issue offerings. The agreement emphasizes rapid innovation and comprehensive solutions for private and public financings.
- Katipult secured a significant license agreement with a major investment dealer, strengthening its market position.
- The DealFlow product is gaining traction, indicating strong market adoption and customer trust.
- The agreement will enhance scalability and business process efficiencies, potentially leading to increased revenue.
- Improved customer experiences across North American capital markets can attract more clients.
- Katipult's innovation in DealFlow showcases its capability to meet demanding workflow requirements in equity and debt capital markets.
- The press release lacks specific financial details about the agreement, making it difficult to assess its direct financial impact.
- There is no information on the duration of the agreement or revenue projections, leaving uncertainty about long-term benefits.
- The announcement does not mention any immediate financial gains or expected timelines for realizing business efficiencies.
Calgary, Alberta--(Newsfile Corp. - May 29, 2024) - 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, announced today that it has signed a license agreement with a major investment dealer to drive scalability, business process efficiencies, and enhanced customer experiences across its North American capital markets operations.
"We are thrilled to see the growing adoption of Katipult DealFlow by investment dealers across North America," said Gord Breese, CEO of Katipult. "This new customer agreement underscores the rapid innovation happening in our product, and our ability to provide comprehensive solutions that support the unique and demanding organizational workflows across both private and public financings."
Katipult DealFlow is an industry-leading solution that functions as the operating system for the investment dealer industry. DealFlow enables modern and efficient workflows for retail and institutional investor participation in new issue offerings. DealFlow eliminates human error and deficiencies, while creating a superior experience for compliance, equity and debt capital management teams, investment advisors and investors.
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 solution 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 Katipult's market position as a leading SaaS provider for the capital markets, deployment of Katipult's DealFlow new issue platform with the customer, and growth of Katipult's recurring revenue, constitute forward-looking statements. In making the forward-looking statements in this release, the Corporation has applied certain factors and assumptions that are based on the Corporation's current beliefs as well as assumptions made by and information currently available to the Corporation, including, but not limited to, the Corporation's product will continue to operate as expected, the ability of the Corporation to deploy the platform with its customer, the industry will continue to see value in the Corporation's product and the Corporation will be able to recruit talented and experienced sales, support and other individuals required to execute the Corporation's plans. Although the Corporation 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, failure to deploy the platform with the Corporation's new customer, failure to manage growth successfully, lengthier than anticipated sales and implementation cycle, cyber risks, risks related to cloud based solutions, failure to continue to adapt to technological change and new product development, dependence on key personnel, competition, intellectual property risks, economic conditions, privacy concerns and legislation, regulatory environment, risk associated with a change in the Corporation's pricing model, risk of defects in the Corporation's solution, dependence on market growth, operational service risk, dependence on partners and delay or failure to realize anticipated benefits of key account installations. Readers are cautioned, especially in these uncertain times, not to place undue reliance on forward-looking statements. The Corporation does not intend to, 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.
For further information: Katipult Technology Corp., Gord Breese, CEO, gbreese@katipult.com, +1 (604) 760-4000
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210865
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