the street announced powerpay healthcare finance

PHILADELPHIA, March 16, 2022 /PRNewswire/ — PowerPay, a financial technology company that provides consumer lending for home improvements, announced the launch of the company’s newest vertical—healthcare financing. The new program will provide patient financing for cosmetic surgery, dentistry, fertility treatments, medical spa services, vision correction, and related elective procedures.

PowerPay announced the launch of the company’s newest vertical—healthcare financing.

PowerPay has seen tremendous growth in the home improvement space since 2020 with $1 billion in total loan originations. The company has been planning an expansion into several verticals including its newest—elective medical loans. PowerPay’s healthcare financing enables medical professionals to offer their patients loans of up to $60,000 with 9.99% rates and terms from 6 months to 6 years. The company’s proprietary loan origination technology platform simplifies financing for both patients and medical professionals.

“We’ve been searching for a patient-centric financing tool that offers low rates to the patient without any merchant discounts or fees so the practice receives our full payment. PowerPay delivers with an efficient and easy-to-use program”, states Dr. Steven E. Copit of Mangat Copit plastic surgery, based in Avon, Colorado.

About PowerPayLaunched in 2020, PowerPay is a financial technology company providing seamless consumer financing solutions to over 7,000 contractors and merchants. The company helps merchants to grow their businesses with a simple point of sale financing platform converting large purchases into affordable monthly payments. PowerPay has processed $1 billion in loans since its inception.

Contacts: Arina Zhukova800-397-4485 [email protected]

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