Katapult Inc. operates a digital commerce platform that enables retailers to offer lease-to-own payment solutions at the point of sale. By integrating its proprietary technology into a retailer’s e-commerce or in-store checkout flow, Katapult allows consumers—particularly those with limited access to traditional credit—to lease durable goods such as furniture, electronics, home fitness equipment and appliances. The company’s platform handles credit adjudication, pricing, collections and customer service through a single API-driven interface.
Founded in 2014 and headquartered in Austin, Texas, Katapult has built partnerships with hundreds of online and brick-and-mortar retailers across North America and parts of Northern Europe. The company’s technology underwrites applicants in real time, enabling retailers to increase conversion and average order size while reaching underserved consumer segments. Merchants pay Katapult a merchant fee, and Katapult assumes the credit risk on each lease agreement.
In November 2021, Katapult completed a business combination with a special purpose acquisition company and began trading on the Nasdaq under the ticker symbol “KPLTW.” Since its public debut, the firm has continued to expand its partner network, adding new verticals and features—such as enhanced identity verification and mobile-first leasing experiences—to meet evolving consumer and retailer needs.
Led by a management team with deep experience in retail finance and consumer technology, Katapult is focused on scaling its lease-to-own solution, broadening its geographic footprint and refining its underwriting algorithms. The company’s platform approach seeks to offer an alternative to traditional point-of-sale credit products, catering to consumers seeking more flexible payment options and to retailers aiming to differentiate their checkout experience.
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