Katapult offers direct apply feature to consumers

Rhea-AI Summary

Katapult, a leader in eCommerce point-of-sale lease-purchase solutions, announced a new direct apply feature that simplifies the shopping experience for nonprime consumers. Customers can now apply directly on Katapult.com for a pre-approved lease amount, enhancing confidence when shopping at various retailers like furniture and gaming stores. This feature aligns with Katapult's mission to remove financial barriers and provide alternative solutions without credit requirements. By partnering with Katapult, retailers can access an underserved customer base.

Positive

• Introduction of the direct apply feature improves customer application experience.
• Pre-approved lease amounts provide consumers confidence when shopping.
• No credit required increases accessibility for nonprime consumers.
• Partnership opportunities for retailers to expand their reach.

Negative

• None.

PLANO, Texas, Aug. 23, 2021 /PRNewswire/ -- Katapult, the leading provider of eCommerce point-of-sale ("POS") lease-purchase options for nonprime US consumers, today announced its direct apply feature for customers.

Katapult is dedicated to helping consumers obtain what they need through transparent terms, easy applications, and customizable payment schedules. The new direct apply feature makes the shopping experience even easier for customers. Rather than apply through one of our merchant partners, customers can now apply directly at Katapult.com to receive their approved lease amount.  Having a pre-approved lease gives customers peace-of-mind to then visit Katapult's store locator and select their preferred retailer, shop with confidence, and experience Katapult's simplified return customer checkout process.

With no credit required to apply for a lease, direct apply opens consumers to a new way to obtain what they need from the brands they want to shop. From automotive, mobile devices, and gaming to furniture, outdoor goods, and fitness equipment, Katapult offers hundreds of retail partner sites in its store locator, making it easy for each shopper to see promotions, featured sites, and ways to save on their lease-purchase.

"It is exciting to offer an option that makes the shopping experience become more streamlined for consumers", says Orlando Zayas, CEO at Katapult. "Making it easier for customers to continue on their path to ownership echoes Katapult's vision to 'create a world where financial barriers no longer exist by providing disruptive technology that empowers and simplifies the shopping experience'."

If you are a retailer interested in partnering with Katapult to increase brand awareness and build a reputation with a new, underserved customer base by providing a no-credit-required alternative click here to learn more.

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 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 about Katapult, click here.

Contacts

Katapult Vice President of Investor Relations
Bill Wright
917-750-0346
ir@katapultholdings.com

Katapult Investor Contact
William Maina
ICR for Katapult
646-277-1236
Katapult-IR@icrinc.com

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

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SOURCE Katapult

FAQ

What is Katapult's new direct apply feature announced on August 23, 2021?

Katapult's direct apply feature allows consumers to apply for a lease directly on their website, improving convenience and confidence in shopping.

How does the direct apply feature benefit Katapult customers?

The direct apply feature provides customers with pre-approved lease amounts, making their shopping experience smoother and more confident.

Does the direct apply feature require credit checks for Katapult consumers?

No, the direct apply feature does not require credit checks, making it accessible for nonprime consumers.

What types of products can customers lease through Katapult?

Customers can lease products from various categories, including automotive, mobile devices, gaming, furniture, outdoor goods, and fitness equipment.

What is the stock symbol for Katapult?

Katapult is traded under the stock symbol KPLT.