Katapult, an e-commerce point-of-sale purchase payment platform for consumers and retailers having recently merged with FinServAcquisition Corp, goes public today as Katapult Holdings, Inc. and will trade on the Nasdaq under the ticker KPLT. Since its founding as a startup in 2014, Katapult has passed through major funding stages to become a unicorn and now a publicly traded company.
Katapul, an ERA portfolio company, works with retail partners to grow their customer base and increase transactions to support revenue growth. Their technology integrates seamlessly with online platforms to increase productivity and improve engagement.
For consumers the platform offers a leasing option for purchases that is tailored around a customer’s needs. No credit is required, as the customer uses Katapult’s online process in-store or at home. They receive flexible pay-over-time options which are coordinated with the individual’s pay dates when they have more cash.
The accelerator ERA was Katapult’s first investor in 2013. From that point Katapult moved through Seed, Series A, and B rounds to reach this important milestone, going public with great reward to their investors and founders, Brandon Wright and Chinedu Eleanya.
Entrepreneurs Roundtable Accelerator (ERA) is New York City’s largest accelerator program, providing seed capital and hands-on help at a great co-working location. The accelerator runs two, four-month programs per year during which founders are given exposure to experts who support their startups.
Read about Top Startup Accelerators in the U.S.
