The leader in eCommerce Point-of-Sale Lease-to-Own
The Blumberg Capital Team
Today, Katapult Holdings Inc., the leading omnichannel lease-purchase platform, providing alternative solutions for retailers and consumers, began trading its common shares on NASDAQ under the ticker symbol “KPLT.” Congratulations to CEO Orlando “Oz” Zayas and the Katapult team on this significant milestone in their journey to empower nonprime e-commerce consumers. As one of the fintech company’s first investors, we are proud of its success in helping millions of consumers live the American dream and enabling merchants to offer flexible alternative payment solutions conveniently and securely.
Today’s achievement caps a long history of collaboration with Katapult’s visionary entrepreneurs and experienced operational management. From co-leading the company’s Series A round through becoming a public company, we believe in the promise of Katapult’s mission and technology and are committed to adding value as an extended part of the team.
“Katapult connects consumers and retailers with a clear and transparent point-of-sale lease-purchase solution,” said Blumberg Capital Managing Director Bruce Taragin who serves on Katapult’s board of directors. “Katapult has grown into a high-growth, profitable industry leader, due to its outstanding leadership, advanced technology platform, superior credit analysis and commitment to consumer satisfaction.”
Katapult’s 150 merchants and 1.4M consumers rely on its unified financial technology platform and e-commerce POS solution to facilitate flexible lease-purchase solutions for consumer durable goods. Katapult’s merchant and partner network includes Lenovo, Simply Mac, Nectar Sleep, Gazelle, Motorola and Shopify Inc., among others.
Congratulations to the Katapult team on today’s public listing on NASDAQ as KPLT and the exciting growth ahead.
Learn more about Katapult and today’s announcement in the company’s official announcement here.