Katapult launches the Katapult cartridge for B2C commerce

PLANO, Texas, May 30, 2024 (GLOBE NEWSWIRE) — Katapult today announced that it has launched the Katapult Cartridge module for B2C commerce on the Salesforce AppExchange, the leading enterprise marketplace for partner and expert apps that enables channel partners to reach underserved customers. service, non-prime, who often do not have access to traditional financing or credit.

The Katapult cartridge for B2C commerce is currently available on AppExchange at https://appexchange.salesforce.com/appxListingDetail?listingId=1f496f4f-18ee-4642-bb79-903321cad588

Katapult cartridge for B2C commerce
Katapult Cartridge for B2C commerce, a scalable omnichannel solution, is integrated directly with Salesforce and currently available on Application replacement. For consumers with non-prime credit, Katapult’s lease-to-own (“LTO”) offer opens new paths to acquiring durable goods. Customers have several options for owning a leased product, and because Katapult never charges late fees or penalties and communicates terms clearly and transparently, customers understand the full cost of ownership at the beginning of the lease.

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“We believe our LTO solution offers significant benefits to both consumers and retailers,” said Orlando Zayas, CEO of Katapult. “Our LTO solution expands the target market for retailers, enabling them to reach millions of consumers who do not have access to traditional financing. With our fair and transparent leasing terms, we enable consumers to lease the durable goods they need, when they need them, which our customers love. We have consistently high net promoter scores and repeat purchase rates. We believe that working with Katapult will be beneficial for those retailers who choose to integrate our LTO solution.

Casper, a Salesforce customer, recently joined Katapult’s growing retail community. “Casper has partnered with Katapult to ensure that customers who previously couldn’t shop with us have the financial means to purchase our innovative sleep solutions,” said Rachel Pedicini, vice president of e-commerce at Casper. “We are excited about the potential to provide access to our high-quality bedding products to even more consumers across the United States.”
“Katapult Cartridge for B2C commerce is a welcome addition to AppExchange because it accelerates business transformation by giving retailers access to a new customer base: non-prime consumers,” said Alice Steinglass, executive vice president and general manager of platform at Salesforce. “AppExchange continues to evolve to ensure customers have access to the right applications and experts for their business needs.”

About Salesforce AppExchange
Salesforce AppExchange, the leading enterprise marketplace for app and expert partners, enables businesses, developers and entrepreneurs to create, promote and grow in completely new ways. Since its launch in 2006, the platform has grown to include over 8,000 apps and experts, with over 12 million customer installs. AppExchange gives customers of all sizes and industries access to ready-to-install or customizable apps and Salesforce-certified consultants to help solve any business challenge.

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Salesforce, AppExchange and others are trademarks of Salesforce, inc.

About Catapult
Katapult is a technology-enabled lease-to-own platform that integrates with omnichannel retailers and e-commerce platforms to power purchases of everyday durable goods by underserved non-prime American consumers. With our point-of-sale (POS) integrations and innovative mobile app powered by Katapult Pay™, consumers who may not have access to traditional financing can shop with a growing network of merchant partners. Our process is simple, fast and transparent. We believe that seeing the good in people is good for business, humanizing how underserved consumers get what they need through payment solutions based on honesty and dignity. More information about Katapults can be found on the website www.katapult.com.

Katapult’s LTO solution provides consumers with significant benefits, including:

Customers know the full cost of owning the product from the beginning. There are no unexpected fees or interest charges. There are never actually any late fees.
The customer has no long-term obligations – he can make periodic payments towards the purchase or return it at any time.
Financial flexibility that can make purchasing LTO more attractive and accessible than traditional financing.

Hundreds of merchants use Katapult’s LTO solution to help grow their business. Key commercial benefits of working with Katapult include:

Sellers have access to new customers who can increase sales
Higher conversion rates and fewer cart abandonments
Opportunities to increase repeat customer purchase rates
The seller cannot appeal against customer insolvency
Katapult covers all exchange costs associated with the transaction
No risk associated with returns outside the window

Consumers interested in unlocking their financial purchasing power through personalized rent-to-own plans can download our app at Apple App Store Or Google Play. For more information about our LTO offering, consumers can also visit our website website.

Forward-looking statements

Certain statements contained in this press release that are not historical facts constitute forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements may be designated words such as “anticipate”, “assume”, “believe”, “continue”, “may”, “project”, “estimate”, “expect”, “intend”, “may”, “plan”, ” potentially”, “anticipate”, “should”, “will”, “would” or the negative of these terms or other similar expressions. These forward-looking statements include, but are not limited to, statements regarding the success of our partnership with Salesforce and the benefits of our LTO platform. These statements are based on various assumptions, whether or not stated in this press release, and the current expectations of Katapult’s management and are not predictions of actual results. These forward-looking statements are for illustrative purposes only and are not intended to constitute a guarantee, assurance, forecast or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond Katapult’s control.

Contact with the media:
Jennifer Kull
Catapult
[email protected]