Katapult Announces Tahmineh Maloney as General Counsel

Rhea-AI Summary

Katapult, a leader in eCommerce lease-purchase options for nonprime US consumers, has appointed Tahmineh "Tammy" Maloney as General Counsel. Maloney brings over 17 years of experience from the fintech sector, most recently at E*Trade Bank. Her legal expertise aims to bolster compliance and innovation at Katapult, enhancing consumer experience. This strategic hire aligns with Katapult’s commitment to growth through partnerships with retailers, noted for expanding their customer base and increasing transactions. The company is in the process of merging with FinServ Acquisition Corp (NASDAQ: FSRV), with plans to trade under 'KPLT' after approval.

Positive

• Appointment of Tahmineh Maloney as General Counsel enhances legal compliance and innovation.
• Maloney's extensive experience in fintech and regulatory environments supports business growth.
• Partnerships with retailers are driving customer base expansion and increased transactions.

Negative

• None.

PLANO, Texas, April 22, 2021 /PRNewswire/ -- Katapult, the leading provider of eCommerce point-of-sale ("POS") lease-purchase options for nonprime US consumers, today announced that Tahmineh "Tammy" Maloney has joined the organization as General Counsel. Ms. Maloney is responsible for legal compliance throughout the company while working alongside Derek Medlin, Katapult's COO.

"I am excited that Tammy has joined our organization as General Counsel," said Medlin. "Her experience at leading financial services organizations and important regulatory agencies will support our strong focus on innovation and growth while maintaining our laser focus on compliance and great consumer experiences."

Prior to joining Katapult, Ms. Maloney served as General Counsel of E*Trade Bank, where she was responsible for advising on federal and state banking regulations, M&A, investments, cryptocurrency, banking products and activities, and payments. Ms. Maloney has over seventeen years of experience in legal and advisory roles with experience in the fintech space and holds a Juris Doctorate degree from Georgetown University Law Center.

"I'm thrilled to join such a great team at an innovative fintech," said Ms. Maloney.

Katapult partners with leading eCommerce and omnichannel retailers to provide incremental growth via a new customer segment. Retail partners who have implemented Katapult's solutions have seen an expanded customer base, increased transactions, and improved customer loyalty.

On December 18, 2020, Katapult and FinServ Acquisition Corp. (NASDAQ: FSRV) announced that they entered into a definitive merger agreement. Upon closing of the transaction, the combined company will operate as Katapult and plans to trade on Nasdaq under the new symbol "KPLT".  The transaction remains subject to approval by FinServ stockholders and other closing conditions.

About Katapult

Katapult Group, Inc. is the leading omnichannel lease-purchase platform, providing alternative solutions for retailers and consumers. Our cutting-edge technology integrates seamlessly with online platforms, enabling our retail partners to expand their customer base, increase transactions, and grow revenue. Katapult's consumer-centric focus ensures an efficient application and approval process while providing transparent and tailored payment terms. Katapult associates with hundreds of retailers across the United States, with merchant support teams, marketing insights, and suggestions for continued success. To see all of our new retail partner releases, visit Katapult's News page.  To learn more, click here.

About FinServ 

FinServ is a special purpose acquisition company formed for the purpose of acquiring or merging with businesses or entities in the financial services industry or businesses providing technology services to the financial services industry. FinServ raised $250 million in its initial public offering in November 2019 and is listed on Nasdaq under the symbol "FSRV".

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SOURCE Katapult

FAQ

Who has been appointed as the new General Counsel for Katapult?

Tahmineh 'Tammy' Maloney has been appointed as the new General Counsel for Katapult.

What is the main responsibility of the new General Counsel at Katapult?

The new General Counsel is responsible for legal compliance throughout the company.

How will the General Counsel's experience benefit Katapult?

The General Counsel's experience in fintech and regulatory compliance will support Katapult's focus on innovation and growth.

What merger is Katapult involved in?

Katapult is merging with FinServ Acquisition Corp, which is listed on Nasdaq under the symbol 'FSRV'.

What are the expected changes in Katapult's stock symbol post-merger?

After the merger, Katapult plans to trade on Nasdaq under the symbol 'KPLT'.