Katapult Cartridge for B2C Commerce
Lease-to-own
Overview
We open up paths to ownership for the 30% of shoppers who are overlooked by other payment options. With technology that looks beyond credit scores, Katapult provides lease-purchase plans that meet their needs. It’s good karma for commerce.
Higher conversion: Our payment solution enables higher conversion rates; reducing the number of abandoned carts by offering underserved nonprime consumers the payment flexibility they deserve to access the durable goods they
Incremental sales: Opening the door to this underserved customer segment also means millions of new and loyal customers for you, driving incremental sales.
Loyalty: By opening financial opportunity, merchants can cultivate strong customer relationships for enduring loyalty and retention. In fact, our customers have a 50% repeat purchase rate.
Integration flexibility: we can offer a range of custom or direct integration options that suit your and your customers’ needs and will partner with you every step of the way.
Access: Customers have access to lease-purchase of durable goods from 200+ retailers. No credit score required.
Frictionless: Digitally-native platform and marketplace. Only 14 application fields. Fully automated approval in <5 seconds up to $3,500.
Flexibility: Flexible payment options. Customers can return items anytime. No late fees.
Trust: 54 NPS. 4.4 out of 5 on TrustPilot. Marketplace of brands who trust us with their customers.
To serve the 30% of shoppers who are overlooked by financing options, we put a fresh spin on lease-purchase. Katapult technology looks beyond credit scores to understand consumers’ journeys, allowing us to provide lease-purchase plans that meet their needs. The result is more purchasing power for people, and more customers for you. BENEFITS: Deeper insight. Our AI and ML tech predicts consumer behavior more accurately than credit scores. Brand loyalty. Connection with an engaged audience with a 48% repeat purchase rate. Fairness and transparency. No hidden fees, late fees, or surprises–ever. Rave reviews. Treating people well with award-winning customer service. Funds in 1 to 3 days. Fast settlement that covers the entire transaction. Smooth integration. Off-the-shelf, custom direct, or with leading e-commerce platforms. Hands-on support. Full-service omni-channel solutions with designated help from our team.
Categories
- Business Needs
- FinanceEnterprise Resource PlanningEcommerce
- Industries
- Consumer GoodsFinancial ServicesRetail
- Personas
- Business Operations ManagerDeveloperExecutive