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NEW YORK, March 19, 2024–   KBRA assigns preliminary ratings to three classes of notes issued by PowerPay Issuance Trust 2024-1 (“PowerPay 2024-1”), an asset-backed securitization collateralized by a pool of consumer loans used for home improvements and elective medical. This transaction represents PowerPay LLC’s inaugural 144A ABS securitization. PowerPay 2024-1 will issue three classes…

JUNE 8, 2022 Chris Klemick PowerPay, a financial technology company that provides consumer lending for home improvements, solar and elective healthcare, is pleased to announce the hiring of Chris Klemick as Head of the Healthcare lending division. Chris, a healthcare sales and finance executive brings more than twenty years of leadership and enterprise sales. Most recently, Chris…

PHILADELPHIA — PowerPay, a financial technology company that provides consumer lending for home improvements and elective healthcare, is announcing the launch of a solar financing program aimed at making clean energy affordable for more homeowners. The demand for sustainable energy sources continues to grow at a rapid pace. These projects have high upfront material and labor costs. PowerPay…

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…

Thu, March 10, 2022 PHILADELPHIA, March 10, 2022 /PRNewswire/ — PowerPay, a financial technology company that provides consumer lending for home improvements, has launched a new technology platform to enable streamlined lending processes and expand into new programs for solar, healthcare, and powersports. PowerPay has launched a new technology platform to enable streamlined lending processes and…

Wed, February 23, 2022, 8:50 AM·2 min read PHILADELPHIA, Feb. 23, 2022 /PRNewswire/ — PowerPay, the nation’s fastest-growing home improvement financing technology company, has announced an integration with Leap, a leading sales software platform for home improvement contractors and remodelers. (PRNewsfoto/PowerPay) Adding PowerPay to the Leap interface reduces the time from the application to completed loan by…

PowerPay, the nation’s fastest-growing home improvement financing technology company has announced partnership with CEO Warrior. CEO Warrior is a business consulting organization for home improvement service businesses including HVAC, electrical, plumbing, and more. PowerPay and CEO Warrior announce partnership to provide financing to home improvement contractors. CEO Warrior helps a national community of thousands of…

Home improvement loans via mobile app done in a few minutes when you meet your contractor. Next up jetpacks? David Haas, COO of PowerPay joins us to talk mobile lending, starting a fintech and smarter ways to serve consumers on the Fintech Newscast Home Improvement Contractor Financing  Original Source: http://fintechnewscast.com/2021/09/02/ep-148-powerpay-coo-david-haas/

Having a bad credit score can make it difficult to get a loan. “Banks, credit unions, and financial institutions use credit scores and other factors of your credit history to determine the borrower’s ability to repay the loan,” says David Haas, co-founder of PowerPay, a financial technology company that provides loans for home improvement projects. “A…

As U.S. consumer lending climbs from the depths it fell to in 2020, signs are strong that banks and credit unions that want to regain, maintain or even grow market share will have their work cut out for them. Facing a combination of new competitors, new forms of consumer credit like “buy now, pay later”…

PowerPay, the nation’s fastest-growing home improvement financing technology company, has announced a new partnership with Roofr, an all-in-one roofing platform that offers powerful tools designed for roofers, by roofers. The partnership will allow over 13,000 Roofr contractors to access PowerPay’s consumer financing program. The partnership will provide thousands of Roofr contractors to access PowerPay’s consumer…

PowerPay platform has originated more than $1 billion in loans, eyes SPAC to fuel growth April 12, 2021, 8:12 am By John Egan PowerPay, whose platform provides unsecured home renovation loans up to $100,000, is looking beyond lending for its growth. The King of Prussia, Pennsylvania-based company is dipping its toe into the insurance and payment markets,…

Time spent indoors last year sparked an increase in remodeling projects to make the stay-at-home experience more comfortable. With the ongoing effect of the pandemic, this year appears to be on the same path. Despite the economic downturn caused by the pandemic, home renovation spending increased 3% last year to $271 billion, according to a new report from Harvard…

PowerPay Hits $1 Billion in Home Renovations Loans NEWS PROVIDED BY PowerPay  Mar 08, 2021, 09:00 ET PHILADELPHIA, March 8, 2021 /PRNewswire/ — PowerPay, the nation’s fastest-growing home improvement financing provider, has surpassed $1 billion in loan originations following its launch in December 2019. Through its network of 7,000 home improvement contractors, the company has financed over 50,000 projects nationwide with…

PowerPay has launched a new ad campaign in the state of Texas to help homeowners that have been impacted by the recent storms.  We know how difficult it is to pay for home improvements, especially in a time of need so we are letting homeowners in Texas know that we are standing by and ready…

Yelp Is Now Accepting Covid-19 Safety Reviews …And Other Small Business Tech News Here are five things in technology that happened this past week and how they affect your business. Did you miss them? 1 —Yelp reviewers can now offer feedback on restaurants’ COVID-19 health and safety practices.          Yelp has announced that those using…

  With $2M from well-known Philadelphia-area CEOs, KoP fintech startup finds success and adds 100 employees during Covid Jan 13, 2021, 6:00am EST POWERPAY PowerPay Co-founders David Haas and Michael Petrakis launched the company just before the Covid-19 pandemic, and started turning a profit six months in. David Haas and his co-founder Mike Petrakis went into the Covid-19…

  PowerPay partners with American Heritage Credit Union to deliver $1.5B in loans PHILADELPHIA, Pa., Dec 2, 2020,/../ – PowerPay, the nation’s fastest-growing home improvement financing technology company, has announced American Heritage Credit Union as its new lending partner. This partnership follows PowerPay’s launch of new lending programs offering financing options with up to 24…

October 22, 2020 09:00 AM Eastern Daylight Time PHILADELPHIA–(BUSINESS WIRE)–PowerPay, the nation’s fastest-growing home improvement financing technology company, has reported a 120% annualized growth rate in the volume of new loans originating in Q3 2020.   “We had modest projections heading into 2020, but the pandemic and economic forces caused major bank constriction in lending, and…