Toronto, ON – March 31, 2016 – VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based payment and accounts receivable management solutions, today announced that it has signed a partnership agreement with Katipult Software to bring a disruptive Crowdfunding solution for investment firms in the Canadian market. VersaPay’s gateway technology enables Katipult to provide customers using its crowdfunding software product with an integrated secure payment capability.
“Katipult is thrilled to offer VersaPay as a payment solution and further bolster its leading software product. This is a game changing relationship for the Canadian Investment Crowdfunding market,” says Brock Murray, CEO of Katipult. “We’re bringing a product to the Canadian market that benefits everyone from investors to issuers as well as regulators, by creating a high standard for processing investment transactions. We’re acting as technology partners and building an ecosystem to help firms create portals to grow their investor networks, efficiently manage investors, and streamline deal administration.”
“We are continuously looking for partners to extend our offering throughout the financial services ecosystem and Katipult is a good example of that,” noted Craig O’Neill, VersaPay’s CEO. “As private market participants move toward investment crowdfunding portals and real estate crowdfunding portals, they want to know that there is a flexible transaction environment to hold funds securely and ensure they are processed according to funding commitments. As a PCI Level 1 compliant solution, VersaPay enables Katipult to provide an integrated payment capability that delivers on these requirements.”
Katipult is a crowdfunding software solution for private placements, investment crowdfunding, investor management, and listings. Katipult allows companies to design, setup, and manage an investment crowdfunding 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.
For further information, please visit www.katipult.com
VersaPay is a leading cloud-based payment and A/R solution provider for businesses of all sizes. VersaPay PayPort gives companies an integrated solution for transacting securely in the cloud. VersaPay ARC allows businesses to deliver customized electronic invoices to their customers, to accept credit card and electronic check payments and automatically reconcile to their ERP and accounting software. VersaPay is headquartered in Toronto, Canada and also has operations in Montreal.
More information about VersaPay can be found on the Company's website at www.versapay.com or under the Company's profile on SEDAR at www.sedar.com.
This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.