US-based Katapult partners with repair chain Meineke to offer lease-to-own financing

The collaboration introduces a new financing option in Meineke's payment solutions, aiming to expand access to automotive products for non-prime consumers

On Aug. 8, 2024, Katapult Holdings, Inc., a financial technology company specializing in e-commerce, announced a new partnership with Meineke, a renowned automotive repair chain with over 700 locations nationwide. This collaboration introduces Katapult's lease-to-own (LTO) financing option into the Meineke Payment Solutions consumer application process, a move endorsed by the Meineke Dealers Association, which represents more than 500 Meineke franchise owners. Meineke Payment Solutions benefits from the support of Premier Services Group and FormPiper, entities that offer consumer financing solutions and a financing management platform, respectively.