Jan. 2 at 12:39 PM
$KPLT Is there combined value to Aaron's and CCF to using Katapult's AI, model scoring, tiering either along with their own/FICO usage or replacing what Aaron's uses today and have Katapult run their financing function? Not sure if we'll see their numbers soon to what Aaron's and CCF's default rate is, probably not like KPLT's 8-10%. Maybe closer to FPAY's 30+% defaults...which FPAY has failed, is being delisted, going BK.
Does it make sense to have both systems..or they could merge, run both models and take measured actions, improvements to help their default rates.
Today most of CCF's approvals take 24 hours to complete, not like KPLT'S.
Or do they stay completely separate and offer Katapult to Aaron's non-durables, just more options like adding Katapult PAY or a direct integration to Aaron's stores? I guess Katapult can potentially tap into Aaron's customers and also what happens to items returned and liquidated, sold off in Aaron's discount warehouses and distribution channels.
