How to Pay for Home Renovations: Expert Tips for Affordable Upgrades

PowerPay was featured in a recent Redfin guide exploring how homeowners can plan, budget, and finance renovation projects more affordably. The article highlights common financing options and includes expert insight from PowerPay CEO Mike Petrakis on choosing fixed, transparent loan structures that help homeowners stay on budget. We were named a local expert on Redfin.Read […]

PowerPay Makes History with one of the Largest Home Improvement ABS Deals

WAYNE, Pa., Oct. 16, 2025 /PRNewswire/ — PowerPay, a prominent financial technology platform specializing in point-of-sale consumer financing for the home improvement and patient finance sectors, today announced the upcoming issuance of its latest Asset-Backed Securitization (ABS). PowerPay Issuance Trust 2025-1 (PWRP 2025-1).

The transaction is targeted to be sized in the $500 million range, a monumental step that significantly surpasses the company’s inaugural securitization last year ($118.9 million for PWRP 2024-1). This half-billion-dollar issuance is expected to be one of the top five largest home improvement securitizations ever to enter the market. The deal is expected to close in October with KeyBank serving as the Lead Underwriter. KBRA (Kroll Bond Rating Agency) is the expected rating agency for the notes. The robust size and structure underscore the company’s explosive growth and the strong institutional confidence in the quality of the loans originated through PowerPay’s platform.