About Purchasing Power
Purchasing Power is a company based in Atlanta (United States) founded in 2001 was acquired by PROG Holdings in December 2025. The company has 243 employees. Purchasing Power has completed 1 acquisition, including DoubleNet Pay. Purchasing Power operates in a competitive market with competitors including Kashable, HoneyBee, VIVA Finance, Pesachoice and Clockout, among others.
- Headquarter Atlanta, United States
- Employees 243
- SectorsTechnologyFinancial Services
- Website category Finance
- Website purchasingpower.com
- Social LinkedIn X
- Acquired by Flexpoint Ford (Dec 2016)
- Legal Name Purchasing Power Llc
- Latest Funding Round$120M (USD), Debt – Conventional
Jul 2022
- InvestorsCrestline
& 5 more
- Employee Count243
- Investments & Acquisitions
- Acquired by
Funding Insights of Purchasing Power
- Total Rounds 2
- Last Round Debt – Conventional — $120M
- Investors Count 2
All 2 funding rounds of Purchasing Power 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 |
|---|---|---|---|---|---|
| Jul 2022 | $120M | Debt – Conventional | – | – | |
| Jan 2016 | – | Debt – Venture | – | – | – |
6 investors in total: 6 institutional.
Investors in Purchasing Power
Purchasing Power has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Crestline, Flexpoint Ford and PROG Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and credit investment services for North American middle-market companies. | – | comvest.com | - | |
Rockbridge Growth Equity is focused on building distinctive companies. | 2007 | rbequity.com | Detroit, United States | |
Strategic acquisitions are targeted by this private equity firm. | 2000 | falconinvestments.com | Santa Barbara, United States | |
Private equity firm focused on financial services and healthcare companies | 2005 | flexpointford.com | Chicago, United States | |
Investment management services are provided by Crestline since 1997. | 1997 | crestlineinvestors.com | Fort Worth, United States | |
Lease-to-own, revolving credit, and BNPL financial products are provided. | 1999 | progholdings.com | Salt Lake City, United States |
Investor details for Purchasing Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
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Investments & Acquisitions by Purchasing Power
Purchasing Power has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DoubleNet Pay.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Employer-enabled platform for automated bill tracking and savings progress. | doublenetpay.com | Atlanta, United States | 2013 | Sep 2018 | •••• |
Complete acquisition details for Purchasing Power
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Exports
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Timeline of Purchasing Power
7 dated milestones of Purchasing Power across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Purchasing Power is founded.
- Exit Acquired by Rockbridge Growth Equity.
- Funding First funding round.
- Exit Acquired by Flexpoint Ford.
- Acquisition Acquires DoubleNet Pay.
- Funding Latest funding round, Debt – Conventional, of $120.0M.
- Exit Acquired by PROG Holdings.
Competitors of Purchasing Power
Purchasing Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kashable, HoneyBee, VIVA Finance, Pesachoice and Clockout, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kashable.com | 2013 | New York, United States | $25.6M | 23 | Employee financing solutions are offered as voluntary employer benefits. | |
| meethoneybee.com | 2015 | San Francisco, United States | $5.7M | – | Online platform for earned wages | |
| viva-finance.com | 2019 | Atlanta, United States | $8.5M | 21 | Online platform for salary-linked loans | |
| pesachoice.com | 2014 | Kigali, Rwanda | – | – | Online platform for payday loans | |
| joinclockout.com | 2021 | Miami, United States | $2.02M | – | Earned wage access solutions are provided to financial institutions. | |
| pullnow.com | 2022 | San Francisco, United States | – | – | Online marketplace offering salary advance payday loans for individuals | |
| getbrightup.com | 2020 | Boston, United States | – | – | Salary-linked loans and financial wellness tools are offered online. |
Detailed competitors of Purchasing Power
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- Full competitor set
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Web traffic of Purchasing Power
The website of Purchasing Power (purchasingpower.com) receives about 602.7K visits a month and ranks #43,057 among all websites worldwide, #2,741 in Finance.
- Monthly visits602.7K
▼ 43.2% vs previous month
- Unique visitors298K
per month
- Global rank#43,057
among all websites
- Category rank#2,741
Finance · Finance
- Bounce rate42%
- Pages per visit5.1
- Average visit3 min 58 sec
- DevicesDesktop 19% · Mobile 81%
Websites whose visitors overlap most with Purchasing Power. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
employeeexpress.gov | employeeexpress.gov | 100% | – | #153,901 | – |
luthersales.com | luthersales.com | 71% | – | – | – |
| leaseville.com | 62% | 199.6K | #112,136 | View details | |
ezcreditwarehouse.com | ezcreditwarehouse.com | 59% | – | – | – |
investing.businessweek.com | investing.businessweek.com | 52% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for Purchasing Power
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- 24 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Purchasing Power
Complete news archive for Purchasing Power
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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Similar companies to Purchasing Power
10 companies that operate in the same segment as Purchasing Power (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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Frequently Asked Questions about Purchasing Power
Purchasing Power was founded in 2001 and raised its 1st funding round 15 years after it was founded.
Purchasing Power is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Purchasing Power has 243 employees.
Founded in 2001 and based in Atlanta, United States, Purchasing Power operates as an e-commerce platform in the employee benefits sector. Big-ticket consumer goods, vacation packages, and educational services are offered to employees without credit checks, with payments deducted automatically from paychecks. A 127 million credit facility was secured in 2011 from Rockbridge Equity and Falcon Investments to support operations.
Purchasing Power has made 1 acquisition, including DoubleNet Pay.
Purchasing Power has 6 investors. Key investors include Crestline, Flexpoint Ford, PROG Holdings, Falcon Investment Advisors, and Comvest Partners.
Purchasing Power operates through Purchasing Power Llc.
Yes. Purchasing Power was acquired by Flexpoint Ford in December 2016.
The website of Purchasing Power receives about 603 thousand visits a month and ranks #43,057 among all websites worldwide.