<SEC-DOCUMENT>0001213900-21-019921.txt : 20210615
<SEC-HEADER>0001213900-21-019921.hdr.sgml : 20210615
<ACCEPTANCE-DATETIME>20210402144359
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001213900-21-019921
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210402

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FinServ Acquisition Corp.
		CENTRAL INDEX KEY:			0001785424
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				842704291
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS 11TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
		BUSINESS PHONE:		2123701300

	MAIL ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS 11TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FinServ Acquisition Corp.
		DATE OF NAME CHANGE:	20190814
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<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FinServ Acquisition Corp.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">c/o Ellenoff Grossman&nbsp;&amp; Schole LLP<BR>
1345 Avenue of the Americas<BR>
New&nbsp;York, NY 10105</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">April 2, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>VIA EDGAR</B></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 63pt">Attention:</TD><TD>Blaise Rhodes</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt">Lyn Shenk</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt">Eric Envall</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 63pt">David Lin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">United States Securities and Exchange Commission<BR>
Division of Corporation Finance<BR>
Office of Trade &amp; Services<BR>
100 F Street, NE<BR>
Washington, D.C. 20549</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>Re:</B></TD><TD><B>FinServ Acquisition Corp.<BR>
Registration Statement on Form S-4<BR>
Filed January 29, 2021<BR>
File No. 333-252558</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This letter sets forth
the response of FinServ Acquisition Corp. (the &ldquo;<B><I>Company</I></B>&rdquo; or &ldquo;<B><I>FinServ</I></B>&rdquo;) to the comments
of the staff of the Division of Corporate Finance (the &ldquo;<B><I>Staff</I></B>&rdquo;) of the Securities and Exchange Commission set
forth in your letter dated February 25, 2021, with respect to the above referenced Registration Statement on Form S-4 (the &ldquo;<B><I>Registration
Statement</I></B>&rdquo;). Concurrently with the submission of this letter, the Company is filing a revised Registration Statement on
Form S-4 (the &ldquo;<B><I>Revised Registration Statement</I></B>&rdquo;). Capitalized terms used but not otherwise defined herein shall
have the meanings ascribed thereto in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company respectfully
advises the Staff that it has discovered a typographical error for &ldquo;Gross profit&rdquo; on the Katapult Consolidated Statement of
Operations and Comprehensive Loss for the year ended December 31, 2019 on page F-24 of the Registration Statement. The corrected Gross
profit is $20,657 not $21,657. This typographical error had no impact on any other reported amounts or disclosures in the Registration
Statement. The Company has made the appropriate update in the Revised Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Set forth below is the
Company&rsquo;s response to the Staff&rsquo;s comments. For the Staff&rsquo;s convenience, we have incorporated your comments into this
response letter in italics.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 10.3pt 0 12pt"><U>Form S-4 filed on January 29, 2021</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.15in 22.2pt 12pt 0"><U>Q: What will happen to FinServ&rsquo;s securities
upon consummation of the business combination, page iv</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Please revise this section
to clarify, if true, that each outstanding share of FinServ common stock and each FinServ warrant will convert into one share of common
stock and one warrant, respectively, of Katapult upon consummation of the business combination.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response: </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">The Company respectfully
acknowledges the Staff&rsquo;s comment and advises the Staff that FinServ&rsquo;s common stock and warrants will not convert into other
securities, but will remain outstanding as securities of New Katapult following the consummation of the business combination. The Company
has revised the disclosure on page iv of the Revised Registration Statement to further clarify that the common stock and warrants will
remain outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 7.15pt 0 12pt"><U>Summary<BR>
Merger Consideration, page 1</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Here, and in the Merger
Consideration section, please provide a chart that indicates exactly what the merger consideration would have been for each share of Katapult
preferred and common stock as of the date immediately prior to the execution of the Merger Agreement and as of the most recent practicable
date prior to effectiveness.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">The Company respectfully
acknowledges the Staff&rsquo;s comment and advises the Staff that it has revised the disclosure on pages 1 and 119 of the Revised
Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 7.5pt 0 0"><U>Risk Factors</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2.1pt 0 0"><U>Our ability to protect our confidential, proprietary, or sensitive
information..., page 26</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2.1pt 0 0 7pt">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Please revise to quantify,
if material, any expenses you have incurred in recent periods relating to cyber-attacks, employee or other internal misconduct, computer
viruses, physical or electronic break-ins, or similar disruptions.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company respectfully
acknowledges the Staff&rsquo;s comment and advises the Staff that it has revised the disclosure on page 25 of the Revised Registration
Statement to clarify that is has not incurred any material expenses relating to cyber-attacks, employee or other internal misconduct,
computer viruses, physical or electronic break-ins, or similar disruptions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 7.15pt 0 12pt"><U>Katapult&rsquo;s Solution, page 87</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Please revise this section
to discuss the total costs paid by a consumer that utilizes Katapult in order to lease-to-own durable goods. As appropriate, please also
provide illustrative examples or a chart disclosing the total costs paid by different consumers, including any fees and varying interest
rates depending upon the amount financed or any credit evaluation you perform on borrowers.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">The Company respectfully
acknowledges the Staff&rsquo;s comment and advises the Staff that it has revised the disclosure on page 85 of the Revised Registration
Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 7.1pt 0 12pt"><U>Lease to Own Product Overview, page 88</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Please revise this section
in order to describe what &ldquo;Lease Multiple&rdquo; is and what it means for it to be &ldquo;-2.0x cash price.&rdquo;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company respectfully
acknowledges the Staff&rsquo;s comment and advises the Staff that it has revised the disclosure on page 85 of the Revised Registration
Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 7.55pt 0 3pt"><U>Katapult&rsquo;s Management&rsquo;s Discussion and Analysis
of Financial Condition and Results of Operations</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt"><U>Key Performance Metrics Originations, page 101</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>We note you define originations
as the acquisition value of the durable goods associated with lease-purchase agreements entered into during the period. This does not
appear consistent with the definition provided on page 126, where originations are defined as dollar amount of leases originated. Please
revise for consistency and clarity. Additionally, please provide us an example of an origination so that we can better understand how
originations are determined.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company
respectfully acknowledges the Staff&rsquo;s comment and advises the Staff that it has revised the disclosure on page 98 of
the Revised Registration Statement to clarify that originations are defined as the dollar amount of leases originated. For
example, if the Company enters into a lease-purchase agreement for a refrigerator that has a value of $1,000, the origination
value associated with that particular refrigerator is $1,000, regardless of the amount actually paid by the Company to the
retailer. If the Company enters into five lease-purchase agreements for the same refrigerator, the origination value
associated with those five refrigerators is $5,000, even if the Company received a volume discount from the retailer and only
paid $4,500 for such items.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 7.25pt 0 12pt"><U>Results of Operations, page 102</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>While you discuss certain
factors to which changes in various line items are attributable, you do not quantify a large number of these factors nor analyze the underlying
business reasons for the changes. We believe your disclosures could be improved and clarified by ensuring that all material factors are
quantified and analyzed. In addition, please quantify the effects of changes in both price and volume on revenues categories, where appropriate
(for example, describe the drivers of revenue in product categories that experienced significant change).</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">The Company
respectfully acknowledges the Staff&rsquo;s comment and advises the Staff that it has revised the disclosure on page 99 of
the Revised Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9.4pt 0 12pt"><U>Liquidity and Capital Resources, page 109</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Please revise to identify
any known trends or any known demands, commitments, events or uncertainties that will result in or that are reasonably likely to result
in your liquidity increasing or decreasing in any material way. In addition, please describe any known material trends, favorable or unfavorable,
in your capital resources and indicate any expected material changes in the mix and relative cost of such resources.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 7.1pt 0 6pt">The Company respectfully acknowledges the Staff&rsquo;s comment
and advises the Staff that it has revised the disclosure on page 105 of the Revised Registration Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 7.1pt 0 12pt"><U>Financing Agreements, page 110</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Please identify the
lender with which you have a line of credit agreement. In addition, please file your agreement(s) with this lender pursuant to Item 601(b)(10)
of Regulation S-K or advise us regarding the basis for your determination the agreement(s) are not required to be filed.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company
respectfully acknowledges the Staff&rsquo;s comment and advises the Staff that it has revised the disclosure on page 106 of
the Revised Registration Statement to identify the lender with which the Company has a line of credit agreement. The Ninth
Amendment and Joinder to Loan and Security Agreement and the Tenth Amendment to Loan and Security Agreement have been filed
as Exhibits 10.9 and 10.10, respectively, to the Revised Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Statement of Operations, page F-37</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Please revise to separately
present revenue from services and product sales (i.e., rental revenue and merchandise sales). Refer to Rule 5-03(b)1 of Regulation S-X.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company respectfully
acknowledges the Staff&rsquo;s comment and advises the Staff that it does not have merchandise sales. Substantially all revenues are derived
from rental revenue and no other class of income represents greater than 10% of total revenue which would require separate classification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Katapult Holdings, Inc. and Subsidiaries Notes to Consolidated Financial
Statements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Note 2. Summary of Significant Accounting Policies</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Accounts Receivable and Allowance for Doubtful Accounts, page
F-42</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT>Staff&rsquo;s
comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>You disclose that bad
debt expense is classified in cost of revenue within the consolidated statements of operations and comprehensive loss. We note that this
presentation is not consistent with certain competitors in your industry that classify bad debt expense in revenue and that your actual
statement of operations presentation includes bad debt expense within operating expenses. Please revise as appropriate. Refer to ASC 842-30-
25-13.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Please also tell us
whether, at the lease commencement date, your assessment is that lease payments are probable of collection.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company respectfully
acknowledges the Staff&rsquo;s comment and has revised the footnote disclosure to reflect the presentation of bad debt expense in operating
expenses. The Company advises the Staff that the Company has not adopted ASC 842 and in accordance with ASC 840, classifies bad debt expense
within operating expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company respectfully
advises the Staff that the Company has assessed that collection of minimum lease payments is probable through the initial lease term.
The Company will continue to assess probability of lease payment collection upon adoption of ASC 842.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Note 3. Property Held for Lease, Net, page F-49</U></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>We note property held
for lease consists of furniture, consumer electronics, appliances, and other durable goods offered for lease-purchase in the normal course
of business. Please disclose balances and accumulated depreciation of major classes of property held for lease at each balance sheet date
or tell us why you believe such disclosure is not required. Refer to ASC 842-30-50-13 and ASC 360-10-50-1.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company
acknowledges the Staff&rsquo;s comment and respectfully advises the Staff that in the Company&rsquo;s lease to own transactions,
from an economic perspective the different classes of property held for lease are homogenous in nature. The Company&rsquo;s property
held for lease encompasses a wide variety of items and the mix of property held for lease can vary over time. All property held for
lease is depreciated under the same income forecasting method using a proportion of rents received to total expected rents received
based on historical data. Depreciation and income allocations do not vary based on the types of property held for lease. Refer to
Note 2, Summary of Significant Accounting Policies under the caption &ldquo;Property Held for Lease, Net&rdquo; for additional
information. Further disclosure of such amounts would not provide additional benefit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><FONT STYLE="font-style: normal">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>Staff&rsquo;s comment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Please quantify for
us the amount of property held for lease that was not on lease at the balance sheet dates.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B><I>Response:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company
respectfully acknowledges the Staff&rsquo;s comment and advises the Staff that it has revised the disclosure on page F-36 of
the Revised Registration Statement to clarify that all property held for lease is on-lease for the periods presented.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">*****</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">We respectfully request
the Staff&rsquo;s assistance in completing the review of the Registration Statement, as amended, as soon as possible. Please contact
Christian O. Nagler of Kirkland &amp; Ellis LLP at (212) 446-4660 or Brooks W. Antweil of Kirkland &amp; Ellis LLP at (713) 836-3388
with any questions or further comments regarding the responses to the Staff&rsquo;s comments.</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">Sincerely,</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="text-transform: uppercase">FINSERV ACQUISITION CORP.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 65%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 35%">/s/ Lee Einbinder</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Name: Lee Einbinder<BR>Title: Chief Executive Officer</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; font-size: 10pt">cc:</TD>
    <TD STYLE="width: 94%; font-size: 10pt">Orlando Zayas, Katapult Holdings, Inc.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Andrew P. Gilbert, DLA Piper LLP (US)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">7</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>


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