OneEthos Technology Supports $100 Million in Solar Loan Originations for Climate First Bank
30 Abril 2024 - 1:23PM
OneEthos, the only mission-driven, B Corp, Federal Reserve
Bank-regulated fintech in the US specializing in climate finance
today announces that its sustainable finance platform has produced
$100 million in consumer solar loan originations for the Climate
First Bank.
Through OneEthos, Climate First Bank has been able to make
clean, green energy more accessible by reducing solar costs by 20 –
30 percent. By aligning with over 1,500 energy consultants,
OneEthos technology has generated a total of $200 million in
consumer solar loan applications since launching in May 2022, with
a majority of that growth occurring in the past 12 months. Over the
past year, the platform has worked to develop key partnerships with
community lenders across the US to support the scalable deployment
of funds received through grant programs including Greenhouse Gas
Reduction Fund (GGRF) and various Justice 40 programs.
“This great milestone reaffirms that our technology is making a
difference in the mission toward a climate-just future for all,”
said Marcio deOliveira, CEO, OneEthos. “The recent $27 billion in
grant awards to the NCIF, CCIA, and Solar For All programs under
Greenhouse Gas Reduction Fund provide an opportunity for green
banks, CDFIs, credit unions and other community lenders to partner
with OneEthos in deploying ethical climate finance to low-income
and disadvantaged communities across the nation.”
OneEthos has collaborated with numerous financial institution
partners and solar energy consultants to develop the most
affordable 30-year consumer solar loan product in the market. This
product delivers the most cost-effective technology and processes
to enable CDFIs and credit unions to grow their solar loan
portfolios with minimal effort and at a reduced rate.
For more information on OneEthos, please visit
https://www.oneethos.com. For more information on Climate First
Bank, please visit https://www.climatefirstbank.com.
About OneEthosOneEthos is a Certified B Corp
and public benefit corporation operating in the intersection of
fintech and traditional banking with the objective to accelerate
the delivery of sustainable, inclusive financial services to all
segments of the population. They are one of the only fintechs in
America regulated by the Federal Reserve Bank. Their mission is to
put best-in-class digital solutions to work for community financial
institutions that are traditionally underserved by technology,
helping them to strengthen their digital channels and grow loans
and deposits profitably and responsibly.
About Climate First Bank Climate
First Bank is a Certified B Corp, values-based digital community
bank offering a complete, full-service portfolio of simple and
easy-to-use traditional banking products. These products are
powered by technology to meet the expectations of today’s
consumers. In addition to offering standard banking services, the
company places a special emphasis on non-governmental organizations
(NGOs) and businesses committed to sustainability. Eco-conscious
customers will find dedicated loan options for solar photovoltaic
(PV), energy retrofits and infrastructure to help combat the
climate crisis. The bank reports annually on its impact in line
with corporate social responsibility goals, read the most recent
Impact Report here. Member FDIC.
Media ContactsSierra MoormanUproar PR for
Climate First Banksmoorman@uproarpr.com