Katapult Announces Katapult Cartridge for B2C Commerce on Salesforce AppExchange
May 30 2024 - 8:00AM
Katapult today announced it has launched the Katapult Cartridge for
B2C Commerce on Salesforce AppExchange, a leading enterprise
marketplace for partner apps and experts, empowering merchant
partners to reach underserved, nonprime consumers who often don’t
have access to traditional financing or credit.
Katapult Cartridge for B2C Commerce is currently available on
AppExchange at
https://appexchange.salesforce.com/appxListingDetail?listingId=1f496f4f-18ee-4642-bb79-903321cad588
Katapult Cartridge for B2C CommerceThe Katapult Cartridge for
B2C Commerce, a scalable, omnichannel solution, is integrated
directly with Salesforce and currently available on AppExchange.
For consumers who have nonprime credit, Katapult’s lease-to-own
(“LTO”) offering enables new paths to obtain durable goods.
Customers have several options to acquire ownership of the product
they are leasing and because Katapult never charges late fees
or penalties and clearly and transparently communicates terms and
conditions, customers understand the full cost of ownership at the
outset of the lease.
Comments on the News
- ”We believe that our LTO solution offers significant benefits
to both consumers and retailers,” said Orlando Zayas, CEO of
Katapult. "Our LTO solution broadens the addressable market for
retailers by allowing them to tap into the millions of consumers
that don’t have access to traditional financing. With our fair and
transparent lease terms, we empower consumers to lease the durable
goods they need, when they need them, which our customers love. We
have consistently high net promoter scores and repeat purchase
rates and we believe a partnership with Katapult will be accretive
to those retailers who choose to integrate our LTO solution.”
- Casper, a Salesforce platform customer, recently joined
Katapult's growing retail community. "Casper partnered with
Katapult so that customers who may not have been able to shop with
us before will have the financial power to obtain our innovative
sleep solutions,” said Rachel Pedicini, Vice President of
E-commerce at Casper. “We are excited about the potential to
provide access to our high-quality bedding products to even more
consumers across the United States."
- “Katapult Cartridge for B2C Commerce is a welcome addition to
AppExchange, as it accelerates business transformation by giving
retailers access to a new customer base: the non-prime consumer,”
said Alice Steinglass, Executive Vice President and General
Manager, Platform, Salesforce. “AppExchange is constantly evolving
to connect customers with the right apps and experts for their
business needs.”
About Salesforce AppExchange Salesforce
AppExchange, a leading enterprise marketplace for partner apps and
experts, empowers companies, developers and entrepreneurs to build,
market and grow in entirely new ways. Since its launch in 2006, the
platform has grown to include more than 8,000 apps and experts,
with over 12 million customer installs. AppExchange connects
customers of all sizes and across industries to ready-to-install or
customizable apps and Salesforce-certified consultants to solve any
business challenge.
Additional Resources
- Follow Salesforce on LinkedIn and X
- Follow Katapult on LinkedIn and X
Salesforce, AppExchange and others are among the trademarks of
Salesforce, inc.
About KatapultKatapult is a technology driven
lease-to-own platform that integrates with omnichannel 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 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. For more information on
Katapult, visit www.katapult.com.
Katapult’s LTO solution provides significant benefits to
consumers including:
- Customers understand the full cost of the product ownership
up-front. There are no surprise fees or compounding interest
payments. In fact, there are no late fees, ever.
- No long-term obligations for the customer – they can either
make recurring payments toward owning the purchase outright or
return it at any time.
- Financial flexibility that can make an LTO purchase more
attractive and accessible than traditional financing.
Hundreds of merchants are leveraging Katapult’s LTO solution to
help expand their businesses. Key merchant benefits of a
partnership with Katapult include:
- Merchants have access to new shoppers who can drive incremental
sales
- Higher conversion rates and lower cart abandonment
- Opportunities to drive repeat customer purchase rates
up
- No merchant recourse from customer defaults
- Katapult covers all interchange costs related to the
transaction
- No risks from out-of-window returns
Consumers interested in unlocking financial purchasing power
through personalized lease-to-own plans can download our app in the
Apple App Store or Google Play. For more information on our LTO
offering, consumers can also visit our website.
Forward-Looking Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. In some cases, forward-looking
statements may be identified by words such as “anticipate,”
“assume,” “believe,” “continue,” “could,” “design,” “estimate,”
“expect,” “intend,” “may,” “plan,” “potentially,” “predict,”
“should,” “will,” “would,” or the negative of these terms or other
similar expressions.. These forward-looking statements include, but
are not limited to, statements regarding the success of our
partnership with Salesforce and the benefits of our LTO
platform. These statements are based on various assumptions,
whether or not identified in this Press Release, and on the current
expectations of Katapult’s management and are not predictions of
actual performance. These forward-looking statements are
provided for illustrative purposes only and are not intended to
serve as, a guarantee, an assurance, a prediction or a definitive
statement of fact or probability. Actual events and circumstances
are difficult or impossible to predict and will differ from
assumptions. Many actual events and circumstances are beyond the
control of Katapult.
Media Contact: Jennifer
KullKatapultir@katapult.com
Katapult (NASDAQ:KPLTW)
Historical Stock Chart
From Jul 2024 to Aug 2024
Katapult (NASDAQ:KPLTW)
Historical Stock Chart
From Aug 2023 to Aug 2024