Founder, Mike Petrakis, built a fintech into a national success through a simple, core idea: turn expensive Home Improvement and Elective HealthCare purchases into low, affordable monthly payments. In 2018, PowerPay started with a few employees and now has over a few hundred team members working on multiple continents so the platform can operate 24/7. The Company has partnered with some of the largest national home remodelers and physician networks in the country. Each of our 12,000+ underwritten Service Providers uses the data-driven platform to quickly process credit at point-of-sale with transparent products that offer NO fee and NO high default interest rates, unlike other banks and fintechs that all charge large transaction fees that the providers just pass onto consumers. So, when the time comes to think about your next purchase, keep us in mind. PowerPay: simple payment into a brighter life.
| Website | https://www.getpowerpay.com |
| Revenue | $103.1 million |
| Employees | 129 (74 on RocketReach) |
| Founded | 2017 |
| Address | 151 S Warner Rd, Wayne, Pennsylvania 19087, US |
| Phone | +1 800-397-4485 |
| Industry | Financial Services, Standby Generator, Hvac Systems, Equipment Financing, Generator Financing, Hvac Financing |
| Keywords | Point Of Sale Financing, Small Business Loans, Home Improvement Loans, Healthcare Financing, Solar Loans, Unsecured Business Loans, Digital Lending Platform, Online Lending, Business Financing, Alternative Lending, Merchant Cash Advance, Equipment Financing, Working Capital Loans, Term Loans, Loan Marketplace, Financial Technology, Fintech Loans, Business Credit |
| Competitors | PayPal, Stripe, Square, Adyen, Venmo, BlueSnap, Braintree, Authorize.net, Zelle, Xplor Debit Success +36 more (view full list) |
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The PowerPay annual revenue was $103.1 million in 2026.
Mike Petrakis is the CEO of PowerPay.
74 people are employed at PowerPay.
PowerPay is based in Wayne, Pennsylvania.