After completing a highly competitive application process, Katipult and five other Canadian fintech companies are selected to participate in the Canadian Fintech Mission to Hong Kong! The mission was announced following the venture capital-backed investment in Canadian fintech companies hit its highest level in almost two decades.
Katipult is looking to expand its presence in Asia while already boasting a regional sales office and customers in Singapore, Thailand, Indonesia, and Malaysia. “We believe Hong Kong will be a major market and beneficiary of Katipult software because of its robust private capital markets” said Kien Diep, who leads business development in the APAC region. “While the regulations in Hong Kong still require clarity regarding general solicitation and online investments, there is plenty of demand for better investor management tools and we can bring our global experience to benefit these firms” said Diep.
According to Pitchbook, used by the US based National Venture Capital Association, venture capital financing in Canadian fintech was $137.7 million (USD) in 2016, up 35% on the year. While this figure pales in comparison to the United States where investments reached $4.27 billion (USD), the trend in Canada is on the rise. Canadian fintech companies are increasingly attracting the attention of foreign investors including major players like Goldman Sachs that have made investments in two Canadian fintech firms recently.
Katipult will be in Hong Kong with the Canadian Consulate delegation to gain a better understanding of the fintech landscape and also educating stakeholders about Katipult’s international experience in facilitating online investing and investor management solutions.
Press Contact Katipult, Kien Diep, kdiep@katipult.com, +14034578008
