PowerPay, a leading fintech platform providing consumers with home improvement and patient finance, today announced the addition of Synovus Bank, a Georgia-based financial institution with $62 billion in assets under management, to its committed warehouse lending syndicate. The Company is also pleased to share that Nearwater Capital, a leading New York-based provider of asset-based financing solutions, will be providing Risk Retention Financing to help support the Company’s securitization program. The addition of these two partners significantly expands PowerPay’s capital structure, enhancing the Company’s capacity...