We are thrilled to share the fantastic news with you about our newest unicorn, Katapult (W’13): today the company successfully completed its combination with FinServAcquisition Corp. The combined company will operate as Katapult Holdings, Inc. and will trade on the Nasdaq under the ticker KPLT.
Congratulations to Brandon Wright, Chinedu Eleanya, Orlando Zayas and the entire team. We are incredibly proud of them and the transformative company they have built.
We met the company’s founders in the Fall of 2012— when they had just begun defining their new business—and became the company’s first investor in 2013.
Since then, Katapult has become the leader in e-commerce point-of-sale purchase options for nonprime U.S. consumers. Katapult provides cutting-edge technology that integrates seamlessly with online platforms, enabling its retail partners to expand their customer base, increase transactions, and grow revenue.
It has been our privilege to work with Katapult through its evolution, investing in its Seed, A, and B rounds. We look forward to seeing what’s next as Katapult continues to grow as a public company.