- FinServ Acquisition Corp. is a SPAC in the process of acquiring one of the leading BNPL players, Katapult, which focuses on the nonprime consumer market.
- The global pandemic has rapidly changed consumers' preferences, including a shift to online commerce and alternative financing solutions, which presents long-term tailwinds for Katapult.
- The Katapult acquisition is expected to close in the coming months and is being completed at only 6.6x 2022 EBITDA and 1.2x 2022 revenue.
- The recent pullback in FSRV's price to ~$12 provides a great entry point for long-term investors looking to gain exposure to the BNPL market.
For further details see:
FinServ Acquisition: Preparing To Katapult Up In Coming Months