Dec. 23 at 10:59 AM
$KPLT @Chromaticity Also, FlexShopper, FPAY has filed for bankruptcy. About
$110M-130M in revenues per year. They had already triggered delisting from Nasdaq. They were another LTO that had a 30+% default rate, they have no AI, ML model to help score, determine if the loan, the customer is a low or high risk, like Katapult's zibby score that has been getting trained, used for over 8 years, which helps keep Katapult's default rate lower..8-10%, and has been through many diverse economies...including the covid pandemic. FlexShopper filed a BS patent technology based lawsuit against Katapult and Upbound/UPBD because they were desperate, of which their attorneys bailed on because it was baseless. Katapult's growth team better be calling every merchant that had an arrangement with FlexShopper and win them over to Katapult's platform immediately. FlexShopper had several partnerships including integrations (Jiffy lube, meineke..). KPLT's Chief Growth Officer Derek better not be sleeping!!!
