PowerPay

About PowerPay

PowerPay is a financial technology company focused on providing affordable consumer loans and financing solutions for home improvement, healthcare, and solar projects. Their mission is to eliminate high fees in these sectors, offering fair monthly payments through a network of quality contractors and medical providers, with near-instant decision-making and electronic documentation.

Products & Services

Home Improvement Financing:Offers near-instant decisions and no prepayment penalties for home improvement projects.

Healthcare Financing:Provides simple and easy-to-use financing for elective healthcare procedures.

Recreational Vehicles Financing:Features near-instant decisions and electronic closing for RV purchases.

Solar Financing:Financing for solar and battery storage solutions.

Specialties

Consumer Lending Home Improvement Financing Healthcare Financing Solar and Clean Energy Financing Loan Origination Technology

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Committed Warehouse Facility T: - FT: Committed Warehouse Facility	A: 400000000 MR: - FA: $400 million FAN: 400000000	D: 2025-04-29 FD: 2025-04-29	1 investors
2	RT: Corporate Bond T: - FT: Corporate Bond	A: 60000000 MR: - FA: 60 Million FAN: 60000000	D: 2024-10-29 FD: 2024-10-29	1 investors
3	RT: Asset-Backed Securitization T: - FT: Asset-Backed Securitization	A: 118900000 MR: - FA: $118.9 Million FAN: 118900000	D: 2024-04-04 FD: 2024-04-04	2 investors
4	RT: Debt T: - FT: Debt	A: 118900000 MR: - FA: 118.9 Million FAN: 118900000	D: 2024-04-04 FD: 2024-04-04	2 investors

Committed Warehouse Facility Latest

2025-04-29

$400.0M

1 investor (Pro only)

Corporate Bond 2024-10-29

$60.0M

Asset-Backed Securitization 2024-04-04

$118.9M

View 3 more funding rounds with Pro

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

View 3 more growth metrics with Pro

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Mock Up

Team & Leadership

M

Mike Petrakis

Founder

LinkedIn (Pro only)

Recent News

PowerPay Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised