FinServ Acquisition Corp. Announces Board and Committee Changes
August 20, 2020 at 09:07 pm
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On August 14, 2020, Jay N. Levine resigned as a member of the Board of Directors (the “Board”) of FinServ Acquisition Corp. (the “Company”) to pursue other business opportunities. Mr. Levine's resignation was not due to any disagreement with the Company. To fill the vacancy on the Compensation Committee of the Board (the “Committee”) created by Mr. Levine’s resignation, the Board appointed Aris Kekedjian to serve as a member of the Committee and Diane B. Glossman as the Chair of the Committee.
Katapult Holdings, Inc. is a technology driven lease-to-own (LTO) platform that integrates with omni-channel retailers and e-commerce platforms to power the purchasing of everyday durable goods for underserved United States non-prime consumers. The Company primarily operates within the virtual LTO market. Its LTO platform offers customers an alternative to traditional financing of automotive goods, computers, electronics, home furnishings and other durable goods. By using its integrated LTO solution or Katapult Pay (its virtual card technology), customers who may be unable to access traditional financing can use its product to shop directly with more than 200 merchant partners. Customers can also choose to shop directly with different merchants in the Katapult marketplace within its mobile app. The Company's platform can be integrated regardless of integration method: platform plug-in, developer documentation, direct application programming interface and waterfall partnerships.