PowerPay wins Best Embedded Lending Solution at the 2026 FinTech Futures Banking Tech Awards USA. Jun 02, 2026, 15:42 ET The national fintech company is recognized for its AI-enhanced embedded point-of-sale (POS) financing platform, helping consumers navigate home improvements and patient financing in a challenging economic landscape. WAYNE, Pa., June 2, 2026 /PRNewswire/ - PowerPay, a leading financial technology company specializing in embedded point-of-sale (POS) financing for home improvement and patient financing, announced today that it has won the prestigious Best Embedded Lending Solution award at the 2026 FinTech Futures Banking Tech Awards USA. Hosted by FinTech Futures and Informa Connect, the Banking Tech Awards USA celebrates the outstanding achievements and top performers in the U.S. banking and fintech ecosystem. The Best Embedded Lending Solution category recognizes platforms that are redefining how lending is embedded into digital experiences, empowering businesses and financial institutions to deliver seamless, scalable credit solutions. PowerPay's win highlights the company's commitment to modernizing credit infrastructure and promoting responsible lending. By providing instant decisioning and leveraging its AI-driven platform, PowerPay continues to champion liquidity, stability, and transparency. "We are incredibly honored to be recognized by FinTech Futures and to bring this award home," said Mike Petrakis, CEO of PowerPay. "In a heavily constrained economy where homeowners are feeling the squeeze of inflation and locked-in mortgage rates, accessing responsible capital for critical purchases has never been more important. This award is a testament to our team's dedication to building an embedded platform that truly protects the consumer while empowering merchants to grow their business." About PowerPay PowerPay is a leading financial technology company providing seamless point-of-sale (POS) financing solutions for the home improvement and patient financing industry. Through its proprietary AI-enhanced platform, PowerPay connects merchants, providers and consumers with frictionless, transparent, fixed-rate installment loans. By turning massive out-of-pocket expenses into manageable monthly payments, PowerPay helps homeowners fund necessary improvements responsibly while driving conversion and growth for contractors. SOURCE PowerPay

PowerPay's Chloe Hazzard named 'highly Commended' Rising Star of the Year at 2025 US Fintech Awards. WAYNE, Pa. - Nov. 14, 2025 - Chloe Hazzard, Director of Audit at PowerPay, earned the "Highly Commended" Rising Star of the Year distinction at the 2025 US Fintech Awards. Hazzard joined PowerPay as an undergraduate intern and rose through operational roles before taking leadership of the audit department. She built the function from the ground up during a period when PowerPay's loan volume quadrupled, establishing processes and controls that enabled the company to secure a $500 million warehouse facility, complete multiple investment-grade bond offerings, and build a securitization platform targeting $1-2 billion in annual volume. "We rebuilt audit to run parallel with growth rather than chase it," said Hazzard. "That meant reengineering how we track every loan from application to disbursement, automating checks that used to require manual review, and training the team to translate data into business impact. The recognition belongs to the people who made that shift possible - many of whom started in entry-level roles and have grown into team leads who now shape how we approach compliance." Her work includes redesigning PowerPay's internal audit systems from fragmented spreadsheets into a centralized, real-time dashboard that tracks the lending lifecycle. She also introduced automated controls that ensure every loan meets the evolving standards of PowerPay's diverse partners, reducing time-to-close for merchants and patients while maintaining rigorous auditability at scale. "Chloe built the infrastructure that allowed us to scale without compromising oversight," said Mike Petrakis, Founder and CEO of PowerPay. "When we prepared for our bond offerings, lenders needed real-time auditability across thousands of loans. She had already built those systems. Her work gave them the confidence to move forward." Hazzard's approach positions audit as a proactive function that consults on product rollouts, works directly with lenders to build trust, and identifies inconsistencies before they reach financing partners. Her frameworks have become a model for how compliance infrastructure can scale alongside innovation, particularly as PowerPay prepares for future product launches, including secured lending and credit card offerings. The US Fintech Awards recognize innovation and leadership across the financial technology sector. Winners are selected based on their contributions to product development, organizational impact, and advancement of the broader fintech industry. 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.