What happened Shares of CURO Group Holdings (NYSE: CURO) are down 13% as of 12:50 p.m. EST on Monday. But holders of the stock probably aren't complaining after the stock soared almost 90% in Friday's session. So what CURO is a provider of short-term loans to non-prime, underbanked consumers, and owns approximately 40% of financial technology (fintech) company Katapult Holding. The news on Friday that drove up CURO shares was a merger announcement that will bring Katapult public. Image source: Getty Images. Special purpose acquisition company (SPAC) FinServ Acquisition (NASDAQ: FSRV) will be merging with Katapult to create a newly public company that will trade on the Nasdaq under the symbol KPLT during the first half of 2021. Now what Katapult is an e-commerce company that gives non-prime borrowers lease-to-purchase options and appropriate payment plans. In the merger announcement, Katapult director Brian Hirsch described its technology platform as "a seamless digital experience for both consumers and merchants, [bringing] ease of use and quick integration, and sophisticated risk modeling." Katapult expects 2020 revenue of about $250 million, representing about 172% growth versus the prior year period. The merger showcases a major investment success for CURO and its shareholders. The transaction will bring $365 million to CURO in the form of cash and stock, based on its ownership stake. CURO's total cash investment to date in Katapult has been $27.5 million. Today's drop likely just comes from some CURO shareholders doing a victory lap and taking profits. 10 stocks we like better than CURO Group Holdings Corp. Common StockWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CURO Group Holdings Corp. Common Stock wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Howard Smith has no position in any of the stocks mentioned. The Motley Fool recommends CURO Group Holdings. Common Stock. The Motley Fool has a disclosure policy.Source