| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | Norway |
| Sector | Fintech |
| Collapse type | Slow Death |
Katapult
"Norwegian BNPL startup that listed on NASDAQ at $1.3B and lost 98% of its value as US subprime lease-to-own defaults exploded and the BNPL model collapsed."
Years-long decline before final shutdown
Key Events Timeline
Katapult operated a US-focused lease-to-own (BNPL) business for subprime consumers purchasing ecommerce goods, listed on NASDAQ via SPAC merger in 2021 at a $1.
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