VANCOUVER, June 19, 2018 /CNW/ - Katipult Technology Corp.
(TSXV: FUND and FRA: K10) ("Katipult" or the "Company"), an
industry leading and award-winning fintech company, is pleased to
announce the concurrent opening of offices in London and Los
Angeles to accelerate sales growth, and directly support
development of these key markets.
Katipult has experienced exponential and promising market demand
from both the United States and
the United Kingdom during its
validation sales period and both markets represent the largest
source of new client acquisition as the Company executes its sales
strategy.
"We are continuing to build the foundation of our sales and
marketing team and we're doing so in key markets that represent
very attractive growth opportunities," said Brock Murray, CEO of Katipult. "As we've
previously stated, we're looking to rapidly expand our sales team
with the funds we've recently secured and pursue a more aggressive
strategy to capture market share."
Mr. Murray continued, "We've added very capable individuals to
lead our efforts with strong backgrounds in finance and commodity
trading, real estate, as well as large IT infrastructure sales.
We're transitioning from an entirely inbound approach with minimal
marketing efforts, to adding a former Director of CGI which does
$10 billion CAD in annual revenue and
a former private equity and fintech CEO that has overseen a company
through 50X revenue growth; this completely changes the dynamic of
the organization and we're very excited about that."
The Company plans to further expand its team by attracting
talent for key positions.
The Company also announces that it has granted, effective
June 21, 2018, an aggregate of
500,000 stock options (each an "Option") to a company controlled by
the CFO in accordance with the Company's current stock option plan.
Each Option is exercisable into one common share (a "Share") of the
Company at a price of $0.59 per Share
for a period of five years from the date of grant. The Options will
vest over three years, with one fifth vesting immediately and one
third of the remaining vesting on each anniversary of the grant
date.
About Katipult
Katipult (www.katipult.com) is a financial technology (FinTech)
company offering proprietary, cloud-based software infrastructure
on a white label basis that allows client firms to design, set up,
and operate their own branded investment platform across multiple
distribution channels - including web, mobile, and social media.
Businesses deploying the Katipult platform are operating in over 20
regulatory environments to grow investor networks, efficiently
manage investors, and streamline deal-flow administration in the
areas of equities, debt and real estate.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Katipult Technology Corp.
