VANCOUVER, April 16th, 2018 /CNW/ - Katipult Technology Corp. (TSXV:FUND and FRA: K10 ), an industry leading and award-winning fintech company, is pleased to announce it has started coverage of the United Arab Emirates (UAE) after adding two leading investment firms in the country as clients.
Katipult has added two regulated firms from UAE to its client list including a subsidiary of a publicly listed entity on the Abu Dhabi Securities Exchange. One firm is a licensed investment company regulated by the Central Bank of the UAE, while the other is a financial services provider regulated by the Dubai Financial Services Authority (DFSA) providing Private Wealth Advisory and Corporate Finance.
Dubai and Abu Dhabi are both robust financial centers with a high quantity of prospective clients and an increasing friendly climate for financial technology (fintech) initiatives.
"We are continuing to explore the global opportunities in major financial centers and we are very excited with the addition of these firms as Katipult clients," said Brock Murray CEO of Katipult Technology Corp. "Our ability to attract great companies from international markets underscores Katipult's position as a market leader."
Murray added, "We're going to see investment firms look to leverage technology at a much faster rate as the industry transforms and that is great for Katipult. We plan to focus on key growth markets as we further build our sales and marketing team in 2018, and develop strong client lists in financial hubs such as Toronto, New York, London, Singapore, and UAE.
About Katipult
Katipult is a financial technology (FinTech) company offering proprietary, cloud-based software infrastructure that allows firms to design, set up, and operate an investment platform across multiple distribution channels - including web, mobile, and social media. Katipult is being used in over 20 unique regulatory environments to grow investor networks, efficiently manage investors, and streamline deal-flow administration.
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 integration of a proprietary form builder protocol 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 incorporate the stated technology. 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 successfully integrate the stated technology. 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.
SOURCE Katipult Technology Corp.
For further information: Katipult Technology Corp., Brock Murray, CEO, bmurray@katipult.com, 587-393- 3981; Virtus Advisory Group Inc., Investor Relations, Katipult@virtusadvisory.com, 416-644- 5081
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