Katapult Holdings, Inc.

Katapult, Inc. operates a technology-driven lease-to-own (LTO) platform. The company integrates with omnichannel retailers and e-commerce platforms to facilitate the purchase of everyday durable goods by underserved U.S. nonprime customers. Founded and incorporated in Delaware in 2012, Katapult primarily operates within the virtual LTO market, which has an estimated total addressable market opportunity of $50 - $60 billion. The company operates exclusively in the U.S., and its platform is available to consumers in 46 states and the District of Columbia. Based on its 2025 gross originations, Katapult believes it currently captures less than 1% market share. An LTO transaction provides consumers with a flexible alternative to obtain merchandise without a long-term obligation. Goods are leased in exchange for weekly, bi-weekly, semi-monthly, or monthly payments. Customers have the option to purchase or return items at any point during the lease-purchase agreement. These goods are immediately available to customers upon the completion of their lease-purchase agreement with Katapult. The LTO platform offers consumers, particularly those with nonprime credit, an alternative path to ownership compared with traditional financing, which may be inaccessible due to credit or other financial constraints. Eligible durable goods include home furnishings, automotive goods, computers, electronics, and appliances.