Katapult and 1StopBedrooms Partner to Provide Qualified Nonprime Consumers with Lease-Purchase Options for Home Furniture and Décor Needs
15 September 2022 - 10:00PM
Katapult, a leading lease-to-own provider that integrates with
major e-commerce platforms to power online shopping for nonprime
customers, has added furniture supplier, 1StopBedrooms, to its
growing list of merchants. The partnership will help consumers,
particularly those with little or no access to credit, obtain
durable and high-quality furniture and home accessories in all home
categories -- from mattresses and sofas to rugs and lamps.
Katapult provides consumers with transparent,
flexible, and convenient lease-purchase options that enable them to
obtain the items they need but might not have acquired otherwise.
Additionally, Katapult provides consumers with a seamless,
customer-centric, and simple checkout experience and more choice in
the products they are looking for.
“Our new partnership with Katapult will help us
ensure that all our customers, especially those who may not qualify
for prime financing, comfortably purchase the well-made, classic
furniture and mattresses that 1StopBedrooms is known for,” said
Jeffrey Gadel at 1StopBedrooms. “With Katapult’s help, more people,
particularly those who may not have been able to shop with us
before, will have the flexibility and options they need to obtain
the furniture they want.”
Katapult’s lease-purchase solution integrates
seamlessly with online platforms from merchants across several
durable goods sectors, including furniture, mattresses, consumer
electronics, tires, and more. Funding is quick and easy and there
is little work to be done on the merchant’s part to implement the
payment option. Additionally, retailers that offer Katapult can
attract and convert more shoppers, increase transaction volume, and
build customer loyalty.
“Decorating and furnishing are personal ways
that all of us turn a house into a home,” said Orlando Zayas, CEO
at Katapult. “With 1StopBedrooms as a new merchant partner, we can
provide additional consumers with greater choices in their
furniture purchasing experience, even if they do not have pristine
credit. Lease-to-own offers consumers the flexibility they may need
to acquire home furnishings that reflect their lifestyle while
keeping their monthly expenses in check.”
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About KatapultKatapult (NASDAQ:
KPLT) is transforming the world of lease-to-own with transparent
lease-purchase plans that flex to meet the needs of millions of
Americans who are overlooked by traditional credit. With
proprietary artificial intelligence (AI) and machine learning (ML)
risk-modeling technology, Katapult predicts consumer behavior more
accurately than traditional credit scores—providing new paths to
ownership for people and new customers for omnichannel retailers.
Katapult ensures exceptional experiences with seamless integration,
both directly with merchants and through ecommerce platforms, and
award-winning customer service. Visit www.katapult.com to
learn more.
About
1StopBedrooms1StopBedrooms is a better furniture buying
experience. As veterans of the furniture industry for more than 20
years, we think your online furniture buying experience should be
efficient, simple, and enjoyable. That’s why we’ve built custom
systems & technologies that allow us to offer just that. When
you shop with us, you get competitive pricing, predictive tracking
and superior customer service — all built into an intuitive and
streamlined site.
Investor Inquiries:Katapult Vice President of
Investor RelationsBill
Wright917-750-0346bill.wright@katapult.com
Press Inquiries:Allison +
Partners908-930-0835katapult@allisonpr.com
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