Katipult Announces Expanded Agreement with Raymond James

Katipult (TSXV: FUND) says it has entered into an “expanded software license agreement” with Raymond James (NYSE:RJF).

Raymond James is a multifaceted financial services firm that focuses on wealth management as well as institutional services such as investment banking. Raymond James holds about $1.7 trillion in client assets under administration in North America.

Katipult is a Canada-based Fintech that offers a platform to enable private investment transactions, including powering securities crowdfunding.

Katipult states that Raymond James has used its DealFlow product to enable capital raising capital through private placements.

Under the new agreement, Raymond James will collaborate on the development of DealFlow Marketing, a new module designed to provide Raymond James’ Private Placements team and Financial Advisor teams with an “automated, multi-staged distribution capability to disseminate pertinent deal information, monitor investor interest, and secure investor commitments in a fully integrated.”

At some point during 2023, Katipult expects to make the module available to other DealFlow customers.

Katipult is a microcap with a valuation of around CDN $7.5 million.

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