Repeat customers, who contributed 61.5% to the quarter's gross originations, along with strong adoption of the company's Katapult Pay® (KPay) service, which saw a 52% year-over-year increase ...

He emphasized the company's shift to a multi-dimensional growth engine, with Katapult's marketplace and KPay feature driving 54% of 2024 originations independently from merchant referrals.

KPay is a pay-as-you-go technology platform that strives to enhance consumer affordability and accessibility and enables the as-a-service business model. KPay is a pay-as-you-go technology ...