The platform is a joint venture (JV) between Singapore based RHT Wealth, an advisory firm, and US-based Carrington Group.
RHT Group offers professional services to businesses and is said to work with 80 out of Singapore’s 300 publicly listed companies.
The Katipult software will support operations “across the spectrum of offerings while streamlining and automating internal processes like investor and issuer onboarding, KYC and AML checks, as well as regulatory compliance and reporting.”
Katipult CEO Brock Murray said they were excited about the increasingly sophisticated client acquisitions they are making and by the broader industry trend to embrace the end-to-end digitization of online capital raises and investor servicing.
“This is part of a deliberate strategy at Katipult to move up market and to demonstrate our value proposition in the enterprise market. This will be a sustained push in 2019 and beyond, and we are encouraged by the results at RHT Group.”
Katipult reported a 37.8% increase in quarter over quarter revenue in its most recent earnings report for Q3 of 2018.
In November 2018, Katipult won an award and secured a cash prize of $100,000 SGD (CDN $95,000) at the 2018 Singapore FinTech Festival