Katapult’s Mobile App Featuring Katapult Pay™ Gains Momentum
July 10 2023 - 8:30AM
Katapult Holdings, Inc. (“Katapult” or the “Company”) (NASDAQ:
KPLT), an e-commerce focused financial technology company, today
announced it has over 20 total merchants on the Katapult mobile app
featuring Katapult Pay, including Home Depot, Amazon, Wayfair,
BestBuy, Nectar, HP, Ikea, and Lull. The growing list of merchants
demonstrates the momentum of the mobile app, launched just last
year, a testament to the benefits achieved by merchants and
consumers alike.
The Katapult mobile app featuring Katapult Pay allows consumers
who may be unable to access traditional financing to seamlessly
shop for durable goods at a wide range of national merchants.
Shoppers simply download the Katapult mobile app, and, once a
product is in the online cart, can apply for and receive a Katapult
approval decision in seconds. The Katapult mobile app has a
4.9-star rating on the Apple App Store and nearly 40% of Katapult
transactions from the last 30 days began in the mobile app.
The Katapult mobile app featuring Katapult Pay offers merchants
access to new shoppers which can drive new incremental sales and
lower customer acquisition cost. Merchants can further benefit from
higher conversion rates and repeat purchase rates. There is no
recourse from consumer defaults, Katapult covers all
transaction-related interchange costs, and there is no risk from
out-of-window returns. The process for merchants seeking to offer
Katapult Pay is simple. Visit Katapult.com to learn more about
joining Katapult’s community of 200+ trusted retailers.
Katapult offers consumers transparent, flexible, and convenient
lease-purchase options that enable them to obtain goods they might
not be able to acquire otherwise, providing them with more choice
and purchasing power. The Company’s lease-purchase solution also
integrates seamlessly with online platforms from merchants across
several durable goods sectors. Additionally, merchants that offer
Katapult can attract and convert more shoppers, increase
transaction volume, and build customer loyalty.
About KatapultKatapult is a technology driven
lease-to-own platform that integrates with omni-channel retailers
and e-commerce platforms to power the purchasing of everyday
durable goods for underserved U.S. non-prime consumers. Through our
point-of-sale (POS) integrations and innovative, Katapult mobile
app featuring Katapult Pay™, consumers who may be unable to access
traditional financing can shop a growing network of merchant
partners. Our process is simple, fast, and transparent. We believe
that seeing the good in people is good for business, humanizing the
way underserved consumers get the things they need with payment
solutions based on fairness and dignity.
Contactir@katapult.com
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