Katapult collaborates with Adobe to give consumers more ways to pay

Rhea-AI Summary

Katapult, a financial technology company focused on eCommerce, has upgraded its partnership with Adobe to become an Accelerate partner in the Adobe Exchange Program. This partnership enhances collaboration between Katapult and Adobe, allowing merchants using Adobe Commerce to receive prioritized support and access to real-time data. The integration of Katapult's lease-purchase solution with Adobe Commerce aims to improve the checkout experience for consumers while enabling merchants to grow their business more effectively. Katapult continues to prioritize consumer needs through transparent payment options.

Positive

• Upgrade to Accelerate partner in Adobe Exchange Program enhances collaboration and support.
• Katapult's lease-purchase solution integrated with Adobe Commerce improves checkout experience for consumers.
• Partnership aimed at helping merchants grow their business and attract new customers.

Negative

• None.

PLANO, Texas, Oct. 11, 2021 (GLOBE NEWSWIRE) -- Katapult, an eCommerce-focused financial technology company, announced it has become an Accelerate partner in the Adobe Exchange Program.

Adobe Commerce, powered by Magento, is a leading eCommerce application for brands of all sizes and supports B2B, B2C, and hybrid use cases across more than 20 industries. Katapult’s lease-purchase solution is available as an extension in the payment category of the Magento Marketplace and integrates seamlessly with online platforms. Funding is quick, so merchants spend energy attracting new customers and growing their business, and consumers get a seamless checkout experience. As an Accelerate partner, Katapult and Adobe will engage in enhanced collaboration, deepening the relationship between the parties. Becoming an Accelerate partner means that Katapult’s merchants utilizing Adobe Commerce or Magento Open Source will receive prioritized support and access to real-time data and partner offerings.

“Upgrading our partnership with Adobe to the Accelerate tier furthers Katapult’s goals of expanding our footprint in the fintech space. We are excited to add more value through our technology to merchants using Adobe Commerce and Magento Open Source,” says Rolando De Gracia, Chief Commercial Officer of Katapult. 

“Today’s consumers crave choice when it comes to how they pay, and fast funding is critical to helping businesses grow,” said Cody Crnkovich, Head of Partner Programs at Adobe. “We are excited to continue our relationship with Katapult to further empower merchants to focus on what’s important, driving new business.”

Katapult is dedicated to helping consumers obtain what they need through transparent terms, easy applications, and customizable payment schedules while making it easy for merchants to offer the program in an easy and integrated manner.

About Katapult
Katapult (NASDAQ: KPLT) is the leading omnichannel lease-purchase platform, providing alternative solutions for retailers and consumers. As a financial technology company, Katapult provides cutting-edge technology that 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 partners with hundreds of retailers across the United States and millions of approved consumers to create new opportunities for point-of-sale transactions. To keep up with recent announcements, visit Katapult's News page. To learn more about Katapult, click here.

Contacts
Katapult Vice President of Investor Relations
Bill Wright
917-750-0346
bill.wright@katapult.com

Press Inquiries:
Tribe Builder Media
Kristen Shea
929-367-8993
press@tribebuildermedia.com

FAQ

What is Katapult's recent announcement regarding Adobe partnership?

Katapult has upgraded its partnership with Adobe to become an Accelerate partner in the Adobe Exchange Program.

How does the partnership with Adobe benefit Katapult's merchants?

Merchants using Adobe Commerce will receive prioritized support and access to real-time data and partner offerings.

What solutions does Katapult offer through Adobe Commerce?

Katapult offers a lease-purchase solution that integrates with Adobe Commerce for a seamless checkout experience.

What are the goals of Katapult with this Adobe partnership?

Katapult aims to expand its footprint in the fintech space and add value to merchants using Adobe Commerce.

How does Katapult support consumer payment preferences?

Katapult provides transparent terms, easy applications, and customizable payment schedules for consumers.