Zero Circle and Epic River Launch Alliance to Accelerate Green Financing
23 Abril 2024 - 6:45AM
Business Wire
- SaaS services integrate to reduce complexity and increase
access to green capital
- Alliance increases speed and reduces costs to originate and
close loans
- New solution addresses multi trillion-dollar underserved
market
- Helps companies and communities meet sustainability goals
Epic River and Zero Circle today unveiled an alliance to
integrate their digital platforms, aiming to accelerate the process
of securing green financing. This collaboration brings together
Epic River's lending-as-a-service platform, which connects
financial institutions with unique and local community lending
opportunities, and Zero Circle's green finance marketplace,
designed to streamline access to green capital for mid-tier
organizations.
Epic River's platform, known for supporting online applications,
electronic signing, and remote ID verification and notarization,
will now deliver qualified green financing opportunities to its
network of community bank and credit union lenders. This
integration is expected to facilitate a more efficient loan
application process for those seeking green financing.
Zero Circle has developed a platform that automates the
sustainability evaluations and reporting for small- and
medium-sized businesses (SMBs), simplifying their access to green
financing. By automating the tracking and reporting of a company's
carbon footprint and financial key performance indicators (KPIs),
Zero Circle intends to make the prequalification process for green
loans more accessible, encouraging SMBs to pursue sustainable and
net-zero operations.
The collaboration is set to enhance the availability of green
financing by leveraging the integrated capabilities of both
platforms. For customers seeking either traditional or green
financing, Zero Circle will refer loan opportunities to community
financial institutions or to a network of more than 2,000
participating lenders through Epic River's lending platform. This
alliance is strategically positioned to expedite the green
financing process, particularly benefiting SMBs.
Allied Market Research emphasizes the importance of this
partnership in light of a growing sustainable and impact investment
market projected to reach $22.5 trillion by 2031, with a CAGR of
20%. This growth trajectory highlights the increasing movement
towards environmental and societal sustainability within the
financial industry.
"Green financing is relatively new and complex,” said Hemanth
Setty, founder and CEO of Zero Circle. “By teaming up with Epic
River, we aim to simplify the process for both loan seekers and
lenders, thereby facilitating access to green loans and supporting
companies' environmental sustainability initiatives."
“Our mission is to empower community banks and credit unions
with new loan opportunities to fuel their growth,” said Jeff
Grobaski, founder and CEO of Epic River. “Collaborating with Zero
Circle enables us to now offer a new solution with an exceptional
suite of tools and resources to help our network of lenders tap
into the high-growth green financing market. Our alliance
reinforces our dedication to deliver innovative solutions that
enable financial institutions to support the customers and
communities they serve.”
As the market and regulatory landscape continues to evolve, Zero
Circle and Epic River are committed to exploring new opportunities
and requirements that support the advancement of green finance.
About Epic River
Epic River is a lending-as-a-service platform provider serving
community banks, credit unions, small businesses, healthcare
providers and patients. The platform delivers online applications,
electronic signing, and remote ID verification and notarization,
facilitating a seamless end-to-end lending process. Epic River also
helps its partners find and capture new loan volume through patient
lending, green energy loans and point of sale financing
opportunities.
Click here to learn more about Epic River or follow them on
LinkedIn and Twitter.
About Zero Circle
Zero Circle is a green finance marketplace that simplifies
access to green capital for mid-tier businesses. Its AI-powered
platform streamlines sustainability assessments and reporting and
automates financial key performance indicators (KPIs) to
incentivize green financing. The company helps its customers
finance and build sustainable practices by tracking, managing, and
reporting sustainability and financial performance with lenders,
partners and customers.
Click here to learn more about Zero Circle or follow them on
LinkedIn and Twitter.
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Gabriela Lumpkin gabriela@williammills.com 678.781.7211