Katapult went public via a SPAC merger with FinServ Acquisition in a $1bn deal.

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.