WAYNE, Pa., Oct. 16, 2025 /PRNewswire/ — PowerPay, a prominent financial technology platform specializing in point-of-sale consumer financing for the home improvement and patient finance sectors, today announced the upcoming issuance of its latest Asset-Backed Securitization (ABS). PowerPay Issuance Trust 2025-1 (PWRP 2025-1).
The transaction is targeted to be sized in the $500 million range, a monumental step that significantly surpasses the company’s inaugural securitization last year ($118.9 million for PWRP 2024-1). This half-billion-dollar issuance is expected to be one of the top five largest home improvement securitizations ever to enter the market. The deal is expected to close in October with KeyBank serving as the Lead Underwriter. KBRA (Kroll Bond Rating Agency) is the expected rating agency for the notes. The robust size and structure underscore the company’s explosive growth and the strong institutional confidence in the quality of the loans originated through PowerPay’s platform.
This dramatic increase in scale is validation of PowerPay’s ability to efficiently originate, underwrite, and service a high volume of quality assets. The ratings upgrade to its inaugural transaction allowed for a lift in the ratings cap for the 2025-1. The transaction is expected to feature upgraded credit enhancement levels across all tranches, reflecting both the improved operational stability and the overall growth of the underlying loan portfolio.
“The market’s appetite for our assets has grown exponentially since our debut ABS transaction,” said Mike Petrakis, Founder & CEO of PowerPay. “PWRP 2025-1 is a testament to the hard work of our team and the quality of the credit we originate. This transaction will be used to enhance PowerPay’s proprietary AI underwriting technology and further expand its lending capacity, solidifying its position at the forefront of embedded finance in the home improvement and patient finance sectors.”
About PowerPay
PowerPay is a leading financial technology platform headquartered in Wayne, PA, that provides point-of-sale financing solutions for 15,000 contractors and physician networks. Utilizing a proprietary AI-powered platform that recently helped achieve the milestone of processing nearly $13 billion in consumer loans.
Contact:
Britni Ackrivo
Gregory FCA for PowerPay
[email protected]
(856) 906-9615
View original content to download multimedia:https://www.prnewswire.com/news-releases/powerpay-makes-history-with-one-of-the-largest-home-improvement-abs-deals-302586655.html
SOURCE PowerPay
