Member Spotlight - Katipult Inc

Meet Gord Breese, CEO 

Tell us about how your company Katipult is breaking new ground in helping participants in the private capital markets address the complexity & significant costs associated with meeting regulatory compliance obligations?
 
Katipult provides digital infrastructure to standardize the investment workflow and eliminate transaction redundancy, strengthen compliance, remove friction from the investor experience, and accelerate deal flow. As a result, our product can have a tremendous ROI for our customers and allows them to scale their businesses without incurring the expenses of hiring additional staff.   The key outcome we achieve with our customers is to drive more revenue with less resources and to have staff focused on value added work rather than administration. 
 
Companies that are using manual processes and legacy software systems or excel spreadsheets in their processes are being impacted significantly from both soft and hard costs operationally, and potentially putting themselves offside with compliance in the case of an audit by a regulator. 
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​Katipult, headquartered in Calgary, has experienced significant growth in many countries globally. Can you share a little bit about some of the company’s key contributors to success in growing internationally?
 
When it comes to executing private placements, there is a universal problem globally with manual and ad hoc processes, key person dependency, and ensuring all deal participants are adhering to regulatory compliance. As a result of these common problems, we’ve had a high demand from investment dealers and wealth management firms worldwide and that has really benefited the flexibility and configurability of our product. 
 
Can you also describe for us the underlying technology that your SaaS offering is built upon, and what’s in the product roadmap for the next major planned release?
 
Katipult is cloud-based software, and we are using a LAMP stack which is Linux, Apache, MySQL, PHP, and it’s been designed for optimal performance on any device (i.e., smart phones, tablets, desktop computers) We use Amazon Web Services for our server infrastructure and that allows us to host and store data in specific locations to ensure compliance with regulatory bodies. 
 
There are several exciting product additions we’re releasing in 2022 to improve our retail and institutional investor workflows but our largest initiative on the roadmap is allowing for co-syndication of deals between investment dealers. We will be introducing the functionality to create syndicates, assign allocations to the syndicate members, and have real-time dashboards to oversee the activities of all the participants. This initiative, which we’ve received sizable government funding to complete, really solves the inefficiencies of cooperation that exist in the industry today and creates a next-generation digital ecosystem for private placements. 
 
Can you name some of Katipult’s customers?
 
Our customers include some prominent companies such as Canaccord Genuity, Cormark Securities, Echelon Wealth Partners, TMX Group, Raymond James, and ATB Financial.
Last question for today, can you share with us why Katipult chose to become a member firm of the Canadian RegTech Association? … and do you have any suggestions on how we might enhance our support for both Katipult and other Canadian RegTech companies?
 
At Katipult, we want to align ourselves with leading associations and regulatory bodies to stay informed and share our learnings and experiences with other members. Regulations are always changing, and new regulations continue to evolve the landscape particularly in private capital markets.

I think the continued support of the Canadian RegTech Association members is important, especially to help create the awareness across the industry about newer products like Katipult. There is great potential in Canada’s capital markets and innovation is important to stay competitive and profitable.