Katapult Holdings Inc

NASDAQ:KPLT

Katapult Holdings, Inc. is an e-commerce focused financial technology company offering e-commerce point-of-sale (“POS”) lease-purchase options for nonprime U.S. consumers. The company is headquartered in New York City, New York and currently employs 130 full-time employees. The company went IPO on 2019-11-05. The firm's lease-purchase platform, Katapult, is providing alternative solutions for retailers, consumers and non-prime consumer who may be unable to access traditional financing products to purchase everyday durable goods from its e-commerce merchant partners. Katapult provides technology that integrates seamlessly with online platforms, enabling the Company's retail partners to expand their customer base and transactions. The company offers Instant approvals up to $3,500. The firm offers its platform to e-commerce an in-store merchants. The company enables customers to make payments on a weekly, bi-weekly, semi-monthly or monthly basis, and it offers payment options, including allowing customers to make payments for their full renewal term, buyout, or return items if they have life cycle events, and others.