PowerPay secures inaugural securitisation for home improvement and medical loans


PowerPay, a leading US fintech company specialising in real-time lending and payment solutions for contractors and physicians announced the closing of their inaugural securitisation obtained by home improvement and elective medical loans and a 144A transaction rated by KBRA, credit rating analysis agency.

This is PowerPay's first securitisation.  The Company partnered with CapitalOne Securities and Chartway Federal Credit Union, Virginia Beach, VA to achieve this milestone.


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Posted on Apr 8, 2024
Region: USA
Securititsation
receivbales, Fintech, PowerPay, CapitalOne Securities, Chartway Federal Credit Union, Mike Petrakis