Katipult Technology Corp (“Katipult” or ‘Company”), a leading SaaS Fintech software provider for capital markets, today announced that TSX Trust Company (“TSX Trust”), a subsidiary of TMX Group Limited, has selected Katipult’s SaaS platform to power its new digital deal management service designed to automate workflow for private placements and streamline the issuer and investor onboarding process. “Engaging with TSX Trust on their innovative initiative is a major step forward in Katipult’s journey to becoming the industry-leading platform provider for capital markets,” stated Katipult CEO, Gord Breese. “This initiative will create substantial economic value for issuers, investment dealers, investment advisors and other industry stakeholders.”
Following an extensive evaluation process, TSX Trust selected Katipult’s robust technology, rich functional depth and intuitive user experience for its new digital platform. The multiyear agreement between TSX Trust and Katipult will focus on delivering a range of new digital deal management solutions to the market and is expected to be launched by TSX Trust in Q4, 2020.
“We are excited to team with Katipult in introducing compelling new efficiencies and benefits to the capital-raising and debt financing process,” stated Claire Johnson, President, TSX Trust. “For TSX Trust, this new deal management platform represents an important, innovative solution designed to address client challenges in the private placement process. Going forward, we continue to seek out additional opportunities to evolve and adapt to better serve the needs of the industry and to enhance the core services we provide for all stakeholders.”