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Katapult Holdings Enters Amended Loan Agreement
ByAinvest
Friday, Jun 13, 2025 7:18 am ET1min read
Katapult Holdings, a fintech company, has entered into an amended and restated loan and security agreement. The company provides e-commerce point-of-sale lease-purchase options for non-prime consumers, offering a flexible lease-purchase option for durable goods from its network of e-commerce retailers. Its platform operates in the virtual lease-to-own market and offers an alternative to traditional financing for automotive goods, electronics, and other durable goods.
Katapult Holdings, Inc. has recently extended the maturity date of its credit agreement from June 4, 2025, to June 9, 2025. The extension was part of a Limited Waiver and Amendment Agreement, which was signed on May 14, 2019, and subsequently amended on May 14, 2025 [1].Katapult Holdings operates in the fintech sector, offering e-commerce point-of-sale lease-purchase options for non-prime consumers. The company's platform provides a flexible lease-purchase option for durable goods from its network of e-commerce retailers. This extension allows the company to further explore and expand its offerings in the virtual lease-to-own market, which presents an alternative to traditional financing for automotive goods, electronics, and other durable items.
The company's recent strategic partnerships, such as the one with FlexShopper, Inc., have driven significant growth in its lease-to-own solutions [2]. These partnerships have enabled Katapult Holdings to expand its reach and provide more consumers with access to flexible financing options.
The extension of the credit agreement maturity date indicates a strategic move by Katapult Holdings to secure its financial position and continue its growth trajectory. This move aligns with the company's ongoing efforts to innovate and expand its services within the fintech sector.
References:
[1] https://www.marketscreener.com/quote/stock/KATAPULT-HOLDINGS-INC-89519850/news/Katapult-Holdings-Extends-Credit-Agreement-Maturity-Date-to-June-9-2025-50177152/
[2] https://stockanalysis.com/stocks/fpay/
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