AFTPY - Katapult: Blistering Growth And Profits On Sale In A Huge Untapped Market
- Katapult is merging with Finserv Acquisition SPAC (FSRV) and slated to trade under new Katapult ticker within days. The PIPE is led by Tiger Global.
- They are the market share leader in huge under-penetrated market of Buy Now, Pay Later ecommerce financing for non-prime consumers.
- Stock is trading at roughly half the multiples of competitors despite Katapult growing faster and being EBITDA positive, unlike competitors.
- Near term catalysts: trading under Katapult ticker, q2 earnings report, sell side initiations, and also increased trading volume.
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Katapult: Blistering Growth And Profits On Sale In A Huge, Untapped Market