Katipult Names Qatar Development Bank To Its Growing Client List

ID: 1536060
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(businesspress24) - Katipult Names Qatar Development Bank To Its Growing Client List

Vancouver, British Columbia - May 15th 2018 - Katipult Technology Corp. (TSXV:FUND - Frankfurt: K10) (Katipult or the Company), an industry leading and award-winning fintech company, is pleased to announce that it has added Qatar Development Bank (QDB) as the latest organization to implement Katipults software into its operations.

As a fully owned government financial entity setup to invest in and develop local industries, QDB was seeking an innovative solution to nurture a culture of angel investing in Qatar to support the entrepreneurial Ecosystem. The goal was to provide users with an informative, responsible, accessible platform that controls the regulatory aspects and encourages investors and entrepreneurs to engage. Katipults white label crowdfunding software was selected as the best match for QDBs requirements.

We continue to grow our client list with great organizations and were excited to work with QDB to bring their vision to market using our technology, said Brock Murray, CEO of Katipult. In addition to providing local SMEs with financial assistance, the support and guidance to grow and expand their activities with this project are of tremendous value. The MENA region presents a great growth opportunity and we are excited to be expanding our footprint with the addition of QDB, following on from Aprils announcement of two new clients in the UAE.

Mr. Murray continued, We are continuing to see a growing demand for a solution that is able to match the needs of companies seeking to raise capital in the private markets in countries across the world. While regulatory and compliance constraints can make the process strenuous, we have designed our product to allow customers to implement a solution with ease.

About Qatar Development Bank

Qatar Development Bank is a financial institution fully owned by the Government of Qatar. QDBs objective is to invest and develop local industries by supporting small and medium enterprises (SMEs) in Qatar. The strategy is aligned with the Qatar National Vision 2030 to promote and facilitate development and growth of SMEs in core economic realms resulting in long term socioeconomic benefits to the people of Qatar. In particular, QDBs mission is to develop and empower Qatari entrepreneurs and innovators to contribute to the diversification of the Qatari economy, through successful small and medium enterprises that are able to compete in global markets.



About Katipult

Katipult (www.katipult.com) is a financial technology (FinTech) company offering proprietary, cloud-based software infrastructure on a white label basis that allows client firms to design, set up, and operate their own branded investment platform across multiple distribution channels - including web, mobile, and social media. Businesses deploying the Katipult platform are operating in over 20 regulatory environments to grow investor networks, efficiently manage investors, and streamline deal-flow administration in the areas of equities, debt and real estate.

For Further information please contact:

Katipult Technology Corp.
Brock Murray
CEO
bmurray(at)katipult.com
587-393-3981

Virtus Advisory Group Inc.
Investor Relations
Katipult(at)virtusadvisory.com
416-644-5081

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements:

Certain disclosure in this release, including statements regarding growth opportunities 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 acquire new customers. 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 acquire new customers and the Company will not be able to successfully implement its 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.




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Date: 05/16/2018 - 09:53
Language: English
News-ID 1536060
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