CALGARY, AB, May 6, 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 it has entered into a partnership agreement
with VoPay to digitize online payments with speed, transparency and
traceability for its SaaS deal management platform.
Katipult's mission is to simplify and modernize private capital
markets and this agreement with VoPay enables enhanced, real
time payments across multiple channels including ACH, EFT, wire and
credit card. The integrated payment capability allows Katipult to
better serve its US and Canadian customers and will generate
incremental transactional revenue for Katipult.
Along with its VoPay partnership, Katipult is announcing new
product enhancements including:
Auto-Invest: Investors can now automate their
participation in deals by toggling "set and forget" preferences.
Participation can be optimally tailored to the investors individual
preferences without needing to be online the moment new investment
offerings become available.
Repayments: Issuers can now automate the capital
return process including interest and dividend payments. Issuers
simply define capital return rules and Katipult automatically
processes these for investor accounts with comprehensive reporting
via the investor portal.
"Working closely with a payment processing leader allows
Katipult to deliver greater value to our customers. By integrating
payments and reconciliation into the Katipult offering, we are able
to provide a seamless experience for investors and issuers alike"
said Katipult CEO Gord Breese. "This agreement with VoPay is a
significant step in eliminating the traditional inefficiencies,
friction and cost in payment processing for private capital
transactions."
"Katipult is a clear market innovator in digitizing private
capital markets", said Hamed Arbabi,
VoPay CEO, "VoPay is excited to work with Katipult in this
innovative integration of our respective technologies."
About VoPay
VoPay is a leading-edge payment
technology solution providing payments as a service through a
single API integration. Our secure technology seamlessly connects
SaaS providers to the banking and payment ecosystem enabling them
to process fast, data-rich and efficient open banking payments. The
company has one goal: to eliminate all payment inefficiencies, so
businesses can focus on what they do best in today's fast-paced
digital economy. Discover the art of seamless and secure bank
payments at: vopay.com
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.
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.
Forward-Looking Statement
Cautionary Note Regarding
Forward Looking Statements: Certain disclosure in this release,
including statements regarding the ability of Katipult to better
serve its customers through an integrated payment capability,
constitutes 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 ability to successfully integrate
the new payment capability, 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 successfully integrate the new payment
capability, 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, 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.