Katapult Holdings, Inc. is entering a dynamic new partnership with Casper. Under the terms of the partnership, Casper has integrated Katapult's innovative lease-to-own (LTO) solution into its payment checkout flow. Casper and Katapult expect this collaboration to unlock purchasing power for many underserved consumers who don't have access to traditional financing options.

By integrating Katapult's solution, Casper and Katapult can create a path for these consumers to obtain premium sleep essentials that promote comfort and well-being, which can lead to a better night's rest. Katapult offers a scalable omnichannel LTO solution that provides its merchant partners, like Casper, with access to a new consumer base that previously may not have had the purchasing power to buy their durable goods. LTO offers consumers who have no or sub-prime credit a new, more affordable path to purchase durable goods.

Katapult's LTO solution provides significant benefits to consumers including: Customers understand the full cost of the product ownership up-front. There are no surprise fees or compounding interest payments. In fact, there are no late fees, ever.

No long-term obligations for the customer - they can either make recurring payments toward owning the purchase outright or return it at any time. Financial flexibility that can make an LTO purchase more attractive and accessible than traditional financing. Hundreds of merchants are leveraging Katapult's LTO solution to help expand their businesses.

Key merchant benefits of a partnership with Katapult include: 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 up; No merchant recourse from customer defaults; Katapult covers all interchange costs related to the transaction; No risks from out-of-window returns.