Announced
Completed
Financials
Tags
fintech company
Single Bidder
ecommerce
financing
Acquisition
United States
financial technology
Friendly
FinTech
Domestic
Merger
Private
Majority
Reverse Takeover
De-SPAC
Private Equity
Completed
Synopsis
Katapult, an e-commerce-focused financial technology company, went public via a SPAC merger with FinServ Acquisition, a special purposes acquisition company, in a $1bn deal. The transaction includes a $150m fully committed PIPE from investors led by Tiger Global Management & Neuberger Berman Funds. “We are pleased to complete the merger with Katapult, and I am very excited to continue to work with the Katapult team to execute on their growth plan. Katapult’s differentiated and best-in-class fintech platform, growing roster of high-quality merchant partners, and expanding customer base make it well-positioned for a strong growth trajectory," Lee Einbinder, FinServ CEO.
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