CALGARY,
AB, May 5, 2022 /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, announced today the official
release of its industry-leading private placements platform,
DealFlow. DealFlow is used by leading financial services firms
including Canaccord Genuity, Raymond
James, Echelon Wealth Partners, Cormark Securities, and TSX
Trust.
"For institutions of this caliber, being able to eliminate
inefficiencies in their private placement process is a massive
value-add. DealFlow takes the issuer's unique subscription document
and converts it into an intelligent digital subdoc, automating and
streamlining the entire process from investor onboarding, through
signing, and closing. DealFlow fits seamlessly into dealers'
private placement workflows, largely eliminating the need to fix
not-in-good-order documents, which is a key blocker impeding the
capital raising process" says Gord Breese, Katipult CEO.
On the surface, generating personalized signature-ready
documents for private placement investors seems straightforward.
But the reality is that reaching that outcome often requires
tedious and resource-intensive manual work, from having investors
correct their forms, marking up relevant areas and back office
staff manually inputting new information into various
databases.
DealFlow's intelligent digital sub-docs removes these
bottlenecks, and effectively eliminates 85% of not-in-good-order
subscription documents. This has created substantial benefits for
all stakeholders in the financial markets ecosystem. Equity capital
management teams can process deals faster, compliance teams spend
less time reviewing and correcting deal documents and investment
advisors can capture more business. Investors themselves
enjoy a better experience while issuers can raise capital more
quickly.
Although these wide-ranging benefits have already made DealFlow
the private placements platform of choice for many investment banks
and brokers, it is just the beginning for Katipult. "While we
are excited by the impact DealFlow is creating for our clients, it
is the initial phase of our strategy to transform and digitize
private capital markets. Our next priority is to create a
connected network of market participants to streamline syndicated
private placement deals. With DealFlow already being used by
Tier-1 institutions, we have built a solid foundation that supports
our grander strategy," added 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.
Cautionary Note Regarding Forward Looking Statements: Certain
disclosure in this release, including statements regarding the
creation of a private capital network and potential revenue growth
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 create a private capital network, establish
a market demand for the product, and increase revenue. 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 create a
private capital network, establish a market demand, or successfully
grow revenues. 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.
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.