Purchasing Power Funding 2024-A, LLC

About Purchasing Power Funding 2024-A, LLC

Purchasing Power is an employee purchase program that offers a better way to pay over time, allowing users to buy products and pay over 12 months directly from their paycheck. It provides access to essential items without credit checks or down payments, aiming to enhance financial freedom and wellness for employees.

Products & Services

Employee Purchase Program:A program allowing employees to buy products and pay over time via payroll deduction, with no credit check or down payments, offering $1,000+ in spending power and access to over 40,000 brand-name products.

Computers:Available for as low as $22 per paycheck.

Financial Wellness:Services or resources aimed at improving financial health and stability for employees.

Specialties

Employee Purchase Programs Payroll Deduction Financing Financial Wellness Solutions Alternative to Credit Cards and High-Interest Loans

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Debt T: - FT: Debt	A: 218000000 MR: - FA: $218 million FAN: 218000000	D: 2024-10-15 FD: 2024-10-15	2 investors
2	RT: Debt T: - FT: Debt	A: 200000000 MR: - FA: $200 million FAN: 200000000	D: 2024-02-28 FD: 2024-02-28	2 investors
3	RT: Asset-Backed Securitization (ABS) T: - FT: Asset-Backed Securitization (ABS)	A: 200360000 MR: - FA: $200.36 million FAN: 200360000	D: 2024-02-13 FD: 2024-02-13	-

Debt Latest

2024-10-15

$218.0M

2 investors (Pro only)

Debt 2024-02-28

$200.0M

Asset-Backed Securitization (ABS) 2024-02-13

$200.4M

View 2 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

No team data available

Team information is not yet available for this company

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