Monday, June 24, 2024

OneEthos Technology Supports $100 Million in Solar Loan

-


ORLANDO, Fla., April 30, 2024 (GLOBE NEWSWIRE) — OneEthosthe one mission-driven, B Corp, Federal Reserve Bank-regulated fintech within the US specializing in local weather finance at the moment introduced that its sustainable finance platform has generated $100 million in shopper photo voltaic mortgage originations for Climate First Bank.

Through OneEthos, Climate First Bank has been capable of make clear, inexperienced vitality extra accessible by decreasing photo voltaic prices by 20 – 30 %. By aligning greater than 1,500 vitality consultants, OneEthos expertise has generated a complete of $200 million in shopper photo voltaic mortgage purposes since launching in May 2022, with the vast majority of that development occurring within the final 12 months. Over the previous yr, the platform has labored to develop key partnerships with neighborhood lenders throughout the US to assist the scalable deployment of funds obtained by way of grant applications together with the Greenhouse Gas Reduction Fund (GGRF) and numerous Justice 40 applications.

“This massive milestone reaffirms that our expertise makes a distinction within the mission to a climate-future for all,” mentioned Marcio deOliveira, CEO, OneEthos. “The current $27 billion grant awards to NCIF, CCIA, and Solar For All applications below the Greenhouse Gas Reduction Fund present a possibility for inexperienced banks, CDFIs, credit score unions and different neighborhood lenders to work with OneEthos to deploy moral local weather finance to the underside. -income and poor communities throughout the nation.

OneEthos has partnered with a number of monetary establishment companions and photo voltaic vitality consultants to develop probably the most reasonably priced 30-year photo voltaic mortgage product in the marketplace. This product delivers probably the most reasonably priced expertise and processes to allow CDFIs and credit score unions to develop their photo voltaic mortgage portfolios with minimal effort and at a diminished fee.

For extra info on OneEthos, please go to https://www.oneethos.com.
For extra info on Climate First Bank, please go to https://www.climatefirstbank.com.

About OneEthos
OneEthos is a Certified B Corp and public profit company that operates on the intersection of fintech and conventional banking with the aim of facilitating the supply of sustainable, inclusive monetary companies to all segments of the inhabitants. They are one of many solely fintechs in America that’s regulated by the Federal Reserve Bank. Their mission is to place best-in-class digital options to work for neighborhood monetary establishments historically underserved by expertise, serving to them strengthen their digital channels and rising loans and deposits which might be worthwhile and accountable.

About Climate First Bank
Climate First Bank is a Certified B Corp, values-based digital neighborhood financial institution that provides a whole, full-service portfolio of straightforward and easy-to-use conventional banking merchandise. These merchandise are powered by expertise to satisfy the expectations of at the moment’s customers. In addition to providing customary banking companies, the corporate locations particular emphasis on non-governmental organizations (NGOs) and companies dedicated to sustainability. Eco-conscious prospects can discover devoted mortgage choices for photo voltaic photovoltaic (PV), vitality conversions and infrastructure to assist fight the local weather disaster. The financial institution experiences yearly on its influence in accordance with the goals of company social duty, learn the newest Impact Report HERE. Member of the FDIC.

Media Contacts
Sierra Moorman
Upproar PR for Climate First Bank
[email protected]



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

FOLLOW US

0FansLike
0FollowersFollow
0SubscribersSubscribe
spot_img

Related Stories