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Katapult is going public in a SPAC merger with FinServ Acquisition Corp (NASDAQ: FSRV) and Katapult CEO Orlando Zayas joined the SPACs Attack show Thursday.
The SPAC Deal: Katapult has been evaluating a potential IPO or SPAC deal since last summer after being approached with an unsolicited. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
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Katapult is going public in a SPAC merger with
FinServ Acquisition Corp (NASDAQ: FSRV) and Katapult CEO Orlando Zayas joined the SPACs Attack show Thursday.
The SPAC Deal: Katapult has been evaluating a potential IPO or SPAC deal since last summer after being approached with an unsolicited offer from a competitor, Zayas told Benzinga. The timing was right in going public via a SPAC now.
“It’s going to give us exposure to the retailers,” Zayas said.
One of the reasons FinServ Acquisition may have liked a deal with Katapult was the profitability of the company.
“We’ve been profitable since the beginning of 2020,” Zayas said.
Katapult Announces Devjit Basu as Head of Product
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NEW YORK, Jan. 13, 2021 /PRNewswire/ Katapult, the leading provider of eCommerce point-of-sale ( POS ) purchase options for nonprime US consumers, today announced that Devjit Basu has joined the organization as Head of Product. Basu will lead the product team to invent, define, build, and iterate on products that create new opportunities for retailers to capture a new customer segment.
Basu has over ten years of experience in leading all aspects of product management including identifying market opportunities, defining product vision and roadmap, developing business cases, driving execution activities, and measuring results.
Furniture World News By Nic Ledoux on 1/13/2021
Katapult, a provider of eCommerce point-of-sale ( POS ) purchase options for nonprime US consumers, announced that Devjit Basu has joined the organization as Head of Product. Basu will lead the product team to invent, define, build, and iterate on products that create new opportunities for retailers to capture a new customer segment.
Basu has over ten years of experience in leading all aspects of product management including identifying market opportunities, defining product vision and roadmap, developing business cases, driving execution activities, and measuring results. I am thrilled Basu has joined our organization as Head of Product, said Orlando Zayas, CEO of Katapult. I know that his experience and skill set will help to drive the overall product strategy and innovation that will set Katapult apart and provide the foundation for cutting-edge payment solutions.