CALGARY, AB, Nov. 9 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, announced today that Echelon Wealth Partners – a
top-rated independent, Canadian-owned and operated wealth
management and capital markets firm – has signed an agreement to
use Katipult's purpose-built private placement SaaS platform to
automate and streamline all brokered and non-brokered deals
distributed through its investment advisors.
"Capital markets are modernizing, and firms must be able to
adapt. Katipult's platform is specifically designed to shift the
entire private placements process into the digital era. We are
confident its platform will create efficiencies across the whole
process – from front-end client servicing to back-end compliance –
allowing us to boost private placement deal volumes," says
David Cusson, Chief Executive
Officer of Echelon Wealth Partners. "Having Katipult also supports
our growth in the US, where there is strong appetite for private
placements, but also greater competition. It is thus essential we
provide our advisory teams with the best-in-class tools that will
help them succeed."
By standardizing workflows across its compliance, syndication,
and investment advisor teams, Echelon will scale its capabilities
and capture a holistic view of each capital raise including new
data-driven insights and deal trend metrics.
"Echelon is well-known as a specialist in helping firms raise
capital. Their decision to use our platform to automate and
streamline their private placements process further validates our
value proposition – helping firms accelerate private capital deal
flow while delighting investors and strengthening compliance," says
Katipult CEO Gord Breese. "Echelon joins our growing list of Tier-1
clients, which already includes Canaccord Genuity, Raymond James, Cormark Securities, and TSX
Trust."
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.