Home Improvement Financing

PowerPay secures $60m in corporate bond funding to accelerate FinTech growth - FinTech Global

PowerPay injects $60 million into its platform, reinforcing its ability to fund large-scale home improvement projects and medical procedures.

PowerPay has secured $60 million in new corporate bond funding. For home improvement contractors and medical providers, this is a strong signal of stability and growth. This capital injection ensures the lender can continue to scale its platform and provide consistent financing options to your customers. PowerPay specializes in large-ticket financing, often reaching up to $250,000 with long repayment terms. This new funding helps them maintain these high loan limits and competitive rates in a volatile economy. The company plans to use the funds to accelerate its technology roadmap. This likely means faster approvals and a smoother digital application process for your sales team. When a lender secures this level of institutional backing, it reduces the risk of sudden program changes or liquidity crunches that can disrupt your sales pipeline. You can expect PowerPay to remain a aggressive player in the home improvement and elective medical markets, offering more robust tools to help you close larger projects without worrying about customer funding availability.

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