In episode 20 of PitchIt: the fintech startups podcast we talk with David Haas of PowerPay.
PowerPay is a digital lending platform that offers home improvement financing for contractors, their customers, and everyday consumers. When talking with David I found out they launched in January of 2020, right before the world changed.
It turned out to be a big stroke of luck for PowerPay, while stuck in their homes people started to examine those projects that got pushed down the personal to-do list. Whether it was a bathroom renovation, fixing a leaky roof, or installing new windows, there ended up being record demand for these projects.
David and I discuss PowerPay’s journey over the last 18 months, the exponential growth they saw in the home improvement space, working with bank partners, raising capital, unfortunately, USC football, and a whole lot more. I hope you enjoy the show.
In this podcast you will learn:
- David’s founder story
- What he learned from his early drive for money
- The difference between intrepreneur and entrepreneur
- They serve super prime, prime and sub prime
- How PowerPay works with banks
- How PowerPay works with contractors
- How they went from $0 to $1bn in loans originated during the pandemic
- They have long term digital banking plans
- He recommends reading The Talent Code
- He enjoys teaching the young workers within the organization
- He is a diehard Philadelphia sports fan
- And more…
This episode was sponsored by Zendesk, a service-first CRM company that builds software designed to improve customer relationships. Qualifying startups get Zendesk free for 6 months.
Download a PDF transcription of Podcast No. 20 David Haas
