Calgary’s Katipult reported this week that they have facilitated over $165 million in capital raises during Q3 2023 through its DealFlow platform.
Katipult’s purpose-built platform for investment dealers, wealth management firms, and banks easily facilitates the creation, launch and closing of private transactions.
Investors made over 5,000 transactions across the platform into a wide range of investment opportunities during the quarter.
Despite challenging market conditions, Katipult customers were able to leverage the ability of DealFlow to enable issuers to navigate complex investment regulations across multiple jurisdictions and take advantage of exemptions such as Reg 506 (B) and 506 (C) in the United States and Listed Issuer Financing Exemption (LIFE) in Canada.
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Investment firms also took advantage of the versatility of Katipult DealFlow in launching both brokered and non-brokered private placements for listed issuers, international REITs, and preferred stock deals, as well as public offerings.
“Our customers are utilizing Katipult DealFlow to facilitate an ever-increasing volume of capital formation activity. We credit the powerful, enterprise-grade tools and capabilities integrated into our platform for our customers’ growing reliance on Katipult to facilitate their investment activities. We expect this trend to continue,” commented Gord Breese, Katipult CEO.
“By giving investment firms the power to navigate an increasingly complex regulatory environment, we are also realizing our vision of democratizing capital markets and empowering more investors to participate in institutional grade deals.”
Earlier this year the Calgary-grown fintech catapulted into the limelight by clinching the prestigious Workflow Tech of the Future accolade at the Banking Tech USA Awards.