Katipult names founding CFO of PayPal, Former Match Group CFO, and former Director of HSBC Investment Bank to its Board

VANCOUVER, Nov. 30, 2017 /CNW/ - Katipult Technology Corp. (TSXV: FUND), an industry leading and award-winning fintech company, is pleased to announce the appointment of its Board of Directors with effect August 18th, 2017.

"We have put together a Board of Directors with extensive experience in capital markets to help guide our company through its next phase as a public company. Since we are a cloud-based software provider for firms operating in private capital markets, we formed a Board that has extensive exposure to both technology and finance" said Brock Murray, CEO of Katipult.

Katipult announced its public listing on the TSX Venture Exchange Nov 15th and trades under the Ticker symbol FUND.

"I am delighted and honoured to have been appointed to Chair the Board of Katipult at this critical juncture in the Company's development. I have been very impressed by the progress Katipult has made in recent years. It is rare for a young fintech business to grow its business without recourse to external capital, as the Katipult team did prior to achieving its RTO, and for such a business to trade profitably. Now is the time to plan to accelerate growth by investing more heavily in the infrastructure of the business including its sales and marketing capacity." said Marcus Shapiro Chairman and Independent Director.

Marcus Shapiro – Chairman

Mr. Shapiro qualified as an English solicitor and practiced corporate law in the United Kingdom for one of London's leading commercial law firms before pursuing a 25-year career in investment banking. He is a seasoned corporate finance practitioner, working at Board level for Charterhouse Bank Limited and CCF Charterhouse Corporate Finance Limited and as a Director of HSBC Investment Bank, advising a range of public and private corporations on capital markets issues, corporate strategy and Mergers & Acquisitions in London and New York. In 2001, he Co-Founded and acted as Managing Director of Amethyst Corporate Finance PLC, a London-headquartered boutique advisory firm focused on mid market M&A advisory work. In 2014, he immigrated to Canada where he has pursued a plural career combining voluntary work with private sector engagements and investments; among his roles he has served on the Advisory Boards of Bit Stew Systems, Inc. and Stanton House Limited, acted as a Trustee of West Vancouver Memorial Library and served as a Director of the West Vancouver Memorial Library Foundation.

Mr. Shapiro is a member of the Company's Audit Committee and Compensation and Governance Committee.

Jeff Dawson – Director

Jeff Dawson has been the Chief Financial Officer of Academic Partnerships since August 2016. Prior to joining Academic Partnerships, Mr. Dawson spent more than eight years with Match Group (NASDAQ: MTCH) where he held multiple leadership positions including CFO, Dating, VP Finance and Director of Finance. His prior experience also includes ten years of leadership experience with American Airlines, Airband Communications, and PriceWaterhouseCoopers. Mr. Dawson brings experience in financial planning and analysis, accounting, mergers and acquisitions, customer acquisition, customer retention and analytics. Mr. Dawson holds a Master of Business Administration with a specialization in Finance/Financial Consulting from Southern Methodist University Cox School of Business, and a Bachelor of Business Administration with a concentration in Finance from the University of Texas at Austin.

David Jaques – Director

David Jaques has held senior financial positions in banking, corporate and venture capital. In his early career, he held various positions with Barclays Bank in London and provided advisory services in currency and interest rate risk management to the bank's corporate clients. He held a similar role at Barclays Bank, New York from 1988 to 1993. He was Senior Vice President and Treasurer of Silicon Valley Bank between 1994 and 1999; founding CFO for PayPal from 1999 to 2001 and CFO of BlueRun Ventures from 2001 to 2008. Since 2008 he has provided CFO consulting services with Greenough Consulting Group and has held board position at UBL Interactive, Inc., Mobivity Holdings, Inc., Bluedot Interactive, Inc. and Digitzs Solutions, Inc. Mr. Jaques holds a Higher National Diploma in Business Administration from Polytechnic of the South Bank, London, and is a UK Chartered Certified Accountant (inactive).

Paul Sun – Director

Paul Sun has over 20 years of business experience and has held numerous senior roles at investment banks including Scotia Capital, Desjardins, and Beacon Securities. Paul has provided financial solutions from small start-ups to billion dollar market-cap companies and has been involved in many transactions across the entire capital structure. He has built an extensive investor network and is a trusted advisor. He has also held project and operations management positions at a number of private and publicly traded companies. Paul is acting CFO of Draganfly Innovations Inc. and sits on the board of Global Gardens Group (TSXV:VGM). He was awarded his Bachelor of Applied Science and Engineering from The University of Toronto and his Master of Business Administration from the Schulich School of Business. He holds the Professional Engineer and Certified Financial Analyst designations. Paul is as passionate about the markets as he is about innovation.

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 anticipated cash needs, the cash proceeds to be received from the exercise of the warrants,and the implementation of blockchain technology into the Company's software 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 the Company's anticipated cash needs, that the cash available to the Company is as expected, that the warrants will be exercised in accordance with their terms, and that the Company will successfully implement blockchain technology into its software. 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 releaseare 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 risk that cash available to the Company is not as expected, the warrants will not be exercised in accordance with their terms and the Company will not successfully implement blockchain technology into its software in the time expected or at all. 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, [email protected], 587-393-3981; Virtus Advisory Group Inc., Investor Relations, [email protected], 416-644-5081