PowerPay, a  specialty finance platform for home improvement and patient financing, has added Synovus Bank and Nearwater Capital to its warehouse lending syndicate, securing $300 million in new partnership capital. Synovus will expand lending capacity, while Nearwater will provide risk retention financing to support PowerPay’s securitization program, enabling further growth across its network of 12,000+ contractors, merchants, and medical professionals. Powered by its AI-driven platform, PowerPay projects $5 billion in 2025 processing volume and recently secured three significant national home improvement partnerships expected to add $800 million in annual originations.

PowerPay Announces $300 Million Partnership with Synovus Bank and Nearwater Capital