Business
Katapult Adds iBUYPOWER to Its Growing List of Merchant Partners
Partnership to help qualified consumers with little or no access to credit obtain gaming PCs, laptops, chairs, headphones, monitors, and more PLANO, Texas,
About this update from Katapult Holdings, Inc.
[{"type":"text","content":"Partnership to help qualified consumers with little or no access to credit obtain gaming PCs, laptops, chairs, headphones, monitors, and more\nPLANO, Texas, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (NASDAQ: KPLT), a provider of lease-purchase solutions for omnichannel retailers and their customers, has partnered with iBUYPOWER, a leading manufacturer of high-performance custom gaming PCs, to provide consumers with a path to purchase high-quality gaming equipment. With interest rates and the cost of goods continuing to rise, American consumers are feeling the pinch this holiday season. Those living paycheck to paycheck, without credit, or with nonprime credit are especially vulnerable. Throughout this period of economic uncertainty, many consumers are turning to flexible payment options that work with their lifestyle and budget and that allow them to split payments over time. With more retailers offering alternative payment solutions, such as lease-to-own, more consumers will be able to obtain the items they need, including gaming equipment, furniture, tires, and more. “iBUYPOWER has been providing quality, reliable, and affordable custom-built PCs for gamers, content creators, and everyday consumers for over twenty-three years,” said Jeffrey Cheng, Senior Director of Marketing and Sales for iBUYPOWER. “We are excited to partner with Katapult to further enable our customers to more readily attain the technology that comes with purchasing a new PC.” This holiday season, flexible payment options could be one of the only ways for nonprime credit consumers to obtain gifts for their loved ones. According to a study conducted by Katapult, more than three-quarters of consumers with nonprime credit scores or lower (78%) said they would use a flexible payment option to buy presents this holiday season, if offered by the online or physical stores where they shop. Katapult’s lease-to-own solution gives consumers the ability to shop from merchants they trust and spread out their payments over time. “Quality gaming equipment makes a fun-filled gift, but can run from $1,000-$3,000, placing it out of reach for a segment of consumers,” said Orlando Zayas, CEO at Katapult. “For those looking to purchase these products for themselves or others over the holidays, lease-to-own can help make their dollars go further. Creating this pa...