About PowerPay
PowerPay is a Financial Services company based in Spring House (United States) founded in 2017. It operates as a financing is provided for home improvement, healthcare, and solar projects. PowerPay has raised $2 million across 1 funding round from investors including Jay Shah. The company has 165 employees. Its website getpowerpay.com draws about 32 thousand monthly visits. PowerPay offers products and services including Home Improvement Loans, HealthCare Financing, Solar Loans, and Recreational Vehicle Loans. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is PowerPay LLC. Its competitors include RenoFi and Mold Inspection Sciences of Austin; 1 of its 2 listed competitors has raised funding.
Company details
Provider of financing for home improvement, healthcare, and solar projects. This company offers consumer loans with affordable monthly payments, designed to make large purchases more accessible. The platform works with a network of contractors and medical providers to streamline the process, providing near-instant decisions and electronic documentation. The aim is to eliminate excessive fees often associated with these sectors, offering competitive quotes and transparent payment options. The financing solutions are intended to simplify the purchasing process and make upgrades more attainable for consumers.
- Headquarters Spring House, United States
- Employees 165
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Website getpowerpay.com
- Social LinkedIn Instagram
- Legal Name Powerpay Llc
- Total Equity Funding$2M (USD)
in 1 rounds
- Latest Funding Round$2M (USD), Seed
Sep 2019
- Employee Count165
Products & Services of PowerPay
PowerPay offers a comprehensive portfolio of products and services, including Home Improvement Loans, HealthCare Financing, Solar Loans, and Recreational Vehicle Loans.
Loans for home renovation and upgrade projects.
Financing for elective healthcare procedures and services.
Loans for solar panel installations and energy storage.
Financing for recreational vehicle purchases and upgrades.
Apps and channels of PowerPay
PowerPay publishes 1 mobile app.
Funding Insights of PowerPay
PowerPay has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2M
- Total Rounds 1
- Last Round Seed — $2M
- First Round $2M
(Sep 2019)
- Investors Count 1
All 1 funding rounds of PowerPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $2M | Seed | – | Jay Shah | – |
1 investors in total: 0 institutional and 1 angel.
Investors in PowerPay
PowerPay has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Jay Shah.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
JS Jay Shah | Angel investor, ex-entrepreneur, focused on Indian startups in tech and consumer sectors. | – | unknown_3b1f6ca32390496c8 | - |
Investor details for PowerPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of PowerPay
25 people are tracked at PowerPay (11 in leadership, 14 in team); the tracked headcount is 165.
| Name | Role | Group |
|---|---|---|
Arlene Cardie | Chief Operating Officer | Leadership |
Alyssa Guarneschelli | Director of Concierge | Leadership |
Ron Rouse | Head of Audiology Sales | Leadership |
Mike Petrakis | CEO | Leadership |
Joe Clement | Creative Director | Leadership |
Geoffrey Matt | Chief Financial Officer | Leadership |
David Haas | Co Founder And COO | Leadership |
Gabriella Carcioppolo | Director of Client Services | Leadership |
Chloe H. | Director Of Audit | Leadership |
rohit D. | Head Of Engineering | Leadership |
Nadirah Bowers | Director Of Underwriting | Leadership |
Noah Thomson | Business Development Manager | Team |
Jamile S. | Assistant Controller | Team |
Karl Christine R. | Client Account Executive | Team |
Anthony Simon | Business Development Manager | Team |
Tonya Georgius | Partnership Liason | Team |
Mary Mae Baes | Account Manager | Team |
Annika Tabata | Audit Team Lead | Team |
Nick Marano | Backend Developer | Team |
Hinal Patel | Financial Operations Analyst | Team |
5 more people are available in the full profile.
Complete people profiles for PowerPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PowerPay
2 dated milestones of PowerPay across 2 years, from founding to its latest funding, stage changes and deals.
- Founded PowerPay is founded.
- Funding First funding round of $2.0M.
Competitors of PowerPay
PowerPay has 2 listed competitors in our database, 1 of them funded. They include RenoFi and Mold Inspection Sciences of Austin, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| renofi.com | 2018 | Philadelphia, United States | $32.7M | 14 | Home renovation loans are offered via an online marketplace. | |
| austinmoldinspectors.com | 2007 | Austin, United States | – | – | Offers mold inspection, testing, and environmental assessments for homes and businesses. |
Detailed competitors of PowerPay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PowerPay
The website of PowerPay (getpowerpay.com) receives about 31.8K visits a month and ranks #534,567 among all websites worldwide, #7,057 in Banking Credit and Lending.
- Monthly visits31.8K
▼ 21.1% vs previous month
- Unique visitors20.5K
per month
- Global rank#534,567
among all websites
- Category rank#7,057
Finance · Banking Credit and Lending
- Bounce rate32%
- Pages per visit5.5
- Average visit5 min 22 sec
- DevicesDesktop 57% · Mobile 43%
Websites whose visitors overlap most with PowerPay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
mypowerpayaccount.com | mypowerpayaccount.com | 100% | – | #652,245 | – |
Top companies in Alternative Lending
10 companies that operate in the same segment as PowerPay (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Related news about Powerpay
Complete news archive for PowerPay
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Frequently Asked Questions about PowerPay
PowerPay was founded in 2017 and raised its 1st funding round 2 years after it was founded.
PowerPay is headquartered in Spring House, United States. It is registered at Spring House, Pennsylvania, United States.
PowerPay is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Sep 2019.
PowerPay has 165 employees.
Provider of financing for home improvement, healthcare, and solar projects. This company offers consumer loans with affordable monthly payments, designed to make large purchases more accessible. The platform works with a network of contractors and medical providers to streamline the process, providing near-instant decisions and electronic documentation. The aim is to eliminate excessive fees often associated with these sectors, offering competitive quotes and transparent payment options. The financing solutions are intended to simplify the purchasing process and make upgrades more attainable for consumers.
PowerPay's top competitors include RenoFi and Mold Inspection Sciences of Austin.
PowerPay offers Home Improvement Loans, HealthCare Financing, Solar Loans, and Recreational Vehicle Loans.
PowerPay has 1 investor. Key investors include Jay Shah.
PowerPay operates through Powerpay Llc.
Yes. PowerPay publishes Go PowerPay.