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Mike Petrakis, Sonic AI
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Mike Petrakis
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Mike Petrakis
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PowerPay has secured $3 billion in committed funding from dozens of community banks and credit unions.
Expert perspective
Mike Petrakis
May 27
Embedded finance company PowerPay processes approximately $6 billion in consumer applications annually.
Expert perspective
Mike Petrakis
May 27
PowerPay offers consumer financing with payment terms extending up to 20 years.
Expert perspective
Mike Petrakis
May 27
Since its inception, PowerPay has experienced only about 35 basis points of annualized losses on its loans.
Expert perspective
Mike Petrakis
May 27
PowerPay's network includes approximately 15,000 home improvement contractors.
Expert perspective
Mike Petrakis
May 27
PowerPay claims to be the largest funder of hearing aids in the United States through its partnership with Miracle-Ear.
Expert perspective
Mike Petrakis
May 27
PowerPay maintains its own lending balance sheet of approximately $500 million.
Expert perspective
Mike Petrakis
May 27
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