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Katapult Holdings, Inc., an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States.
The company operates a fleet of its patented consumer mobile devices through its wholly owned subsidiary, Katapult Payments of America, Inc., to provide interactive point-of-sale systems to e-commerce merchants and convenience stores to provide credit for purchases. KHC makes leasing or purchase agreements with multiple merchants for each consumer device, which it then subleases back to the merchants on a revenue share basis. KHC also offers payment processing services and technology solutions primarily through PayAllegro LLC, a wholly owned subsidiary of KHC. The company is headquartered in Plano, Texas.
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