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.
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.
Forward-Looking Statement
Cautionary Note Regarding
Forward Looking Statements: Certain disclosure in this release,
including statements regarding the streamlining and automation of
internal processes at Raymond James and the growth of Katipult's
portfolio of tier 1 financial institutions and investment banks
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 industry will continue to see value in the
Corporation's product, the Corporation will be able to recruit
talented and experienced sales, support and other individuals
required to execute the Corporation's plans, and that the
Corporation's employees, consultants, customers, suppliers and
other stakeholders will be able to manage successfully throughout
the Covid-19 pandemic. 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 manage growth and product implementation
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, the financial and economic
fallout due to the Covid-19 pandemic, 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.