Katapult Holdings, Inc. announced a strategic partnership with PayTomorrow, LLC. Through this partnership, PayTomorrow has integrated Katapult's unique, customer-centric lease-to-own (LTO) option into PayTomorrow's suite of financial products, providing consumers with greater flexibility and choice. This integration embeds Katapult's innovative LTO within PayTomorrow's platform.

PayTomorrow's platform provides merchants with a diverse range of payment options that serve prime, near prime and nonprime consumers. With more than 2,700 merchant partners across multiple categories including automotive, appliances, computers/electronics, and fitness equipment, PayTomorrow seamlessly integrates into merchant point-of-sales systems and ecommerce shopping carts, which simplifies how consumers access financing options, including lease-to-own. The platform adapts to both online and in-store environments, allowing consumers to choose the payment solution and shopping method that best fits their budgets and preferences.

Katapult is excited to partner with PayTomorrow, expanding access to its innovative LTO payment solution for both merchants and consumers. Through this integration, merchants on PayTomorrow's platform are able to leverage Katapult's scalable, omnichannel LTO solution to reach a new consumer base who previously may not have qualified for traditional financing to purchase durable goods. A partnership with Katapult unlocks a range of benefits for merchants, including: Merchants have access to new shoppers who can drive incremental sales; Higher conversion rates and lower cart abandonment; Opportunities to drive repeat customer purchase rates higher; No merchant recourse from customer defaults; No interchange costs to the merchant related to transactions; No risks from out-of-window returns.