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Venture Capital News: PowerPay Pulls In $400M

2025-04-29
PHILADELPHIA, PA, PowerPay, a prominent financial technology platform, is pleased to announce the successful closing of a $400 million committed warehouse facility.
KeyBank led the transaction as part of a multi-bank syndicate. This strategic financial arrangement positions PowerPay to continue its remarkable growth trajectory, enabling expanded lending capacity to serve its consumers and channel partners nationwide. The arrangement secures funding stability in uncertain economic conditions as the Company continues to execute on its asset-backed securitization (ABS) program.

Launched in 2018, PowerPay is a leading provider of digital point-of-sale lending solutions, dedicated to delivering innovative and efficient services to the home improvement and patient finance sectors. With a focus on technology and customer experience, PowerPay is committed to revolutionizing the way businesses manage their loan offerings. Since its inception,
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