VANCOUVER, May 15, 2018 /CNW/ - 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 Katipult's 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. Katipult's white label crowdfunding software was selected as the best match for QDB's requirements.
"We continue to grow our client list with great organizations and we're 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 April's 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. QDB's 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, QDB's 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.
