Why Are Katapult Shares Trading Higher Today?

eCommerce-focused financial technology company Katapult Holdings Inc KPLT became an Accelerate partner in the Adobe Inc ADBE Adobe Exchange Program.
Adobe Commerce, powered by Magento, is an eCommerce application for brands of all sizes and supports B2B, B2C, and hybrid use cases across over 20 industries.
"Upgrading our partnership with Adobe to the Accelerate tier furthers Katapult's goals of expanding our footprint in the fintech space," Katapult Chief Commercial Officer Rolando De Gracia said.
As an Accelerate partner, Katapult and Adobe will engage in enhanced collaboration, deepening the relationship between the parties.
An Accelerate partner means that Katapult's merchants using Adobe Commerce or Magento Open Source will receive prioritized support and access to real-time data and partner offerings.
Price Action: KPLT shares traded higher by 8.35% at $4.93 on the last check Monday.