Katapult Launches Katapult Layoff Insurance Powered By Harmonic; This New Offering Provides A Cash Benefit Of Up To $2,000 For Customers Facing Involuntary Job Loss
Katapult Holdings, Inc. (NASDAQ:KPLT), an e-commerce-focused financial technology company, announced the launch of Katapult Layoff Insurance, powered by Harmonic today.
This new offering provides a cash benefit of up to $2,000 for customers facing involuntary job loss. For a low monthly payment, Katapult customers can secure this critical financial buffer, enhancing their ability to navigate unexpected financial hardships.
Katapult's latest offering underscores the company's continued dedication to providing critical financial solutions to nonprime consumers. Federal Reserve data show that 37% of US adults could not cover a $400 emergency expense without assistance. Layoffs can severely impact finances, and Katapult Layoff Insurance powered by Harmonic, offers a safety net and peace of mind for those impacted by a job loss.