- The stock price of Katapult Holdings Inc (NASDAQ: KPLT) increased by over 9% today. This is why it happened.
The stock price of Katapult Holdings Inc (NASDAQ: KPLT) – an e-commerce-focused financial technology company – increased by over 9% today. Investors are responding postiively to Katapult announcing it has become an Accelerate partner in the Adobe Exchange Program.
Adobe Commerce (powered by Magento) is known as a leading eCommerce application for brands of all sizes and supports B2B, B2C, and hybrid use cases across more than 20 industries. And Katapult’s lease-purchase solution is available as an extension in the payment category of the Magento Marketplace and integrates seamlessly with online platforms.
The funding is quick so merchants spend energy attracting new customers and growing their business. And consumers get a seamless checkout experience. As an Accelerate partner, Katapult and Adobe will engage in enhanced collaboration, deepening the relationship between the parties. Becoming an Accelerate partner means that Katapult’s merchants utilizing Adobe Commerce or Magento Open Source will receive prioritized support and access to real-time data and partner offerings.
Katapult is dedicated to helping consumers obtain what they need through transparent terms, easy applications, and customizable payment schedules while making it easier for merchants to offer the program in an easy and integrated manner.
KEY QUOTES:
“Upgrading our partnership with Adobe to the Accelerate tier furthers Katapult’s goals of expanding our footprint in the fintech space. We are excited to add more value through our technology to merchants using Adobe Commerce and Magento Open Source.”
— Rolando De Gracia, Chief Commercial Officer of Katapult
“Today’s consumers crave choice when it comes to how they pay, and fast funding is critical to helping businesses grow. We are excited to continue our relationship with Katapult to further empower merchants to focus on what’s important, driving new business.”
— Cody Crnkovich, Head of Partner Programs at Adobe
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
