Katapult Holdings, Inc. - Common Stock (KPLT)

Frequently Asked Questions About Katapult Holdings, Inc. - Common Stock (KPLT)

Are there any fees associated with Katapult's financing?

Katapult's financing options may involve fees that vary depending on the retailer and the specific lease agreement. Generally, these fees are disclosed upfront, providing transparency for consumers. It's important for customers to read their lease agreements carefully to understand any potential costs associated with late payments or early termination.

Can customers return products financed through Katapult?

Customers may return products financed through Katapult, but the specific return policy will depend on the retailer's terms and conditions. Generally, consumers are advised to familiarize themselves with both Katapult’s leasing agreement and the retailer's return policy to understand any repercussions or terms related to returns, exchanges, or refunds.

Does Katapult offer customer support?

Yes, Katapult provides customer support to assist consumers with inquiries related to financing, payments, and product selection. Customers can reach out through various channels, including phone and online support, to ensure they receive help with any issues they may encounter throughout their leasing experience.

How does Katapult ensure its customers can afford their payments?

Katapult employs a proprietary risk assessment algorithm that evaluates a customer’s financial profile during the application process. This assessment helps the company determine the consumer's ability to afford lease payments, ensuring that they do not overextend themselves financially when accessing Katapult’s services.

How does Katapult impact financial inclusion?

Katapult positively impacts financial inclusion by offering accessible financing solutions to underbanked consumers who may have limited access to traditional credit options. By providing an alternative means of acquiring goods, Katapult helps empower these consumers to manage their finances more effectively, paving the way for improved economic opportunity and stability.

How does Katapult maintain regulatory compliance?

Katapult maintains regulatory compliance by closely following federal and state laws associated with consumer finance, including transparency in loan terms and responsible lending practices. The company has internal policies and procedures in place to ensure adherence to applicable regulations, actively monitoring changes in the legal landscape to mitigate risks.

How does Katapult's financing process work?

The financing process with Katapult is simple and user-friendly. Customers can choose their desired product from participating retailers, then apply for Katapult's financing online or at the point of sale. Once approved, they can select a lease-to-own agreement that outlines the payment schedule, allowing them to make affordable payments while using the product.

How does Katapult's technology improve customer experience?

Katapult leverages advanced technology to streamline the application and approval processes for consumers, providing quick responses and decision-making. The platform's user-friendly interface simplifies product selection and lease management, enhancing customer experience and ensuring that users have an efficient and enjoyable interaction with the financing process.

Is Katapult publicly traded?

Yes, Katapult Holdings, Inc. is publicly traded on the Nasdaq stock exchange under the ticker symbol 'KPLT'. The company became publicly listed in 2021 through a business combination with a special purpose acquisition company (SPAC), allowing it to access public market capital for growth and operational expansion.

What are the advantages of using Katapult's services?

Using Katapult's services offers several advantages, including increased access to goods for consumers who might otherwise struggle to obtain financing. The lease-to-own model enables customers to acquire products without upfront payment, and it can help improve their financial management by allowing them to spread costs over time without hidden fees associated with traditional loans.

What are the risks associated with using Katapult's services?

Risks associated with using Katapult's services primarily revolve around potential financial strain if consumers fail to make payments as required by their lease agreements. Additionally, fees or penalties for late payments may accumulate, increasing the total cost of the lease. It is vital for customers to understand their financial situation and commit to a lease that they can realistically afford.

What does Katapult Holdings, Inc. do?

Katapult Holdings, Inc. is a technology-enabled commerce platform specializing in providing flexible financing solutions for consumers seeking to purchase goods from various retailers. The company focuses on serving underbanked consumers who may not have access to traditional credit options, offering them an alternative way to acquire products such as furniture, electronics, and home appliances through lease-to-own agreements.

What is Katapult's business model?

Katapult's business model centers around facilitating lease-to-own agreements between customers and retail partners. The company generates revenue primarily from leasing fees and services, allowing consumers access to products while maintaining a sustainable relationship with partners through commissions on financed purchases.

What is the company's growth strategy?

Katapult's growth strategy involves expanding its footprint in the lease-to-own market by partnering with more retailers and enhancing its technology platform. The company aims to serve an increasing number of underbanked consumers by innovating its products and services, providing a broader range of financing options to meet diverse customer needs.

What sets Katapult apart from competitors?

Katapult differentiates itself from competitors by focusing on underbanked consumers and emphasizing a transparent, frictionless application process. Its technology platform is designed to be user-friendly, providing a quick approval process and personalized financing options, making it a competitive player in the lease-to-own space.

What types of products can consumers finance through Katapult?

Consumers can finance a variety of products through Katapult, including furniture, electronics, appliances, and other essential goods. The platform partners with numerous retailers, allowing customers to use Katapult's leasing options for online and in-store purchases, making it easier for them to manage payments over time.

When was Katapult Holdings, Inc. founded?

Katapult Holdings, Inc. was founded in 2017. The company was established with the idea of creating a more accessible payment solution for consumers who might face challenges in obtaining financing due to insufficient credit history or financial instability.

Which retailers partner with Katapult?

Katapult has established partnerships with a variety of retailers across multiple industries, including furniture, electronics, and home goods. Specific partner retailers can vary, so customers are encouraged to visit Katapult's website or inquire at their local stores to see which businesses currently offer financing through the platform.

Who are Katapult's primary customers?

Katapult's primary customers are typically underbanked consumers who may not have easy access to traditional credit or financing options. This group often includes individuals with limited credit histories or those who prefer alternative payment methods to manage their budgets and responsibility when purchasing goods.

What is the current price of Katapult Holdings, Inc. - Common Stock?

The current price of Katapult Holdings, Inc. - Common Stock is 9.010

When was Katapult Holdings, Inc. - Common Stock last traded?

The last trade of Katapult Holdings, Inc. - Common Stock was at 4:00 pm EDT on April 2nd, 2025