Katapult, the leading provider of eCommerce point-of-sale (“POS”) lease-purchase options for nonprime US consumers, announced it is a checkout option with new and pre-owned wireless provider and mobile phone retailer, Wing.
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Wing offers wireless service, including 5G plans as well as mobile phones to customers looking for a reliable, cost-effective provider. Katapult’s lease-purchase solution provides consumers with no or developing credit a way to access Wing’s many phone brands, including Apple and Samsung. Katapult is excited to be a part of the retailer’s goal to save customers money on plans and devices while valuing service and quality. Katapult offers its lease-purchase solution that integrates seamlessly with online platforms to retailers across several durable goods industries. Funding is quick, so retailers spend energy attracting new customers and growing, and consumers get a seamless checkout experience.
“Our customer base is extremely diverse, which means our users have a wide range of buying habits and financial backgrounds. We understand that new cell phones are expensive and not everyone is willing or able to pay for the latest models in full. By adding Katapult as a flexible financing option, we’ve been able to expand our offerings to consumers who prefer the lease-to-own model or weren’t able to qualify for financing through other vendors. Now more people can get the phones they want without paying in full up front.” says Sean McMahon, Device and Logistics Director at Wing.
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“It is exciting to partner with Wing and provide nonprime consumers access to new and pre-owned phones,” says Tony Cerino, VP of Sales at Katapult. We are happy to include Wing as a new retail partner and integrate a solution for their customers, who may need alternative ways to obtain what they need.”
Katapult partners with leading eCommerce and omnichannel retailers to provide incremental growth via a new customer segment. Retail partners who have implemented Katapult’s solutions have seen an expanded customer base, increased transactions, and improved customer loyalty.
On December 18, 2020, Katapult and FinServ Acquisition Corp. (NASDAQ: FSRV) announced that they entered into a definitive merger agreement. Upon closing of the transaction, the combined company will operate as Katapult and plans to trade on Nasdaq under the new symbol “KPLT”. The transaction remains subject to approval by FinServ stockholders and other closing conditions.
