ORLANDO, Fla., April 30, 2024 (Globe Newswire) — One ethosthe only mission-driven B Corp in the U.S. specializing in climate finance, today announced that its sustainable finance platform has launched consumer solar power loans for Climate First Bank. announced that it had generated $100 million with the formation of
Through OneEthos, Climate First Bank was able to make clean, green energy more accessible by reducing solar power costs by 20-30%. By working with more than 1,500 energy consultants, OneEthos Technology has generated a total of $200 million in consumer solar loan applications since its launch in May 2022, with much of that growth in the past. Occurred over a 12-month period. Over the past year, the platform has partnered with local financial institutions across the country to support the scalable deployment of funds received through grant programs, including the Greenhouse Gas Reduction Fund (GGRF) and various Justice 40 programs. We have been working to build strong partnerships.
Marcio deOliveira, CEO of OneEthos, said: “This great milestone reaffirms that our technology is making a difference in our mission for a climate-smart future for all.” With the recent award of $27 billion in grants to NCIF, CCIA, and the Solar For All program, green banks, CDFIs, credit unions, and other community financial institutions are partnering with OneEthos to create ethical climate finance. provides opportunities to expand to low-income and disadvantaged communities across the country.”
OneEthos has worked with numerous financial institution partners and solar energy consultants to develop the most affordable 30-year consumer solar loan product on the market. This product provides the most cost-effective technology and process that allows CDFIs and credit unions to grow their solar loan portfolios with minimal effort and low interest rates.
Learn more about OneEthos here. https://www.oneethos.com.
For more information about Climate First Bank, please visit: https://www.climatefirstbank.com.
About OneEthos
OneEthos is a certified B Corp and public benefit corporation operating at the intersection of fintech and traditional banking with the purpose of accelerating the delivery of sustainable and inclusive financial services to all segments of the population. They are one of the only fintechs in America that are regulated by the Federal Reserve Bank. Their mission is to bring best-in-class digital solutions to community financial institutions traditionally underserved by technology, empowering them to strengthen their digital channels and grow their loans and deposits profitably and responsibly. It's about supporting.
About Climate First Bank
Climate First Bank is a B Corp-certified, values-based, digital community bank offering a complete full-service portfolio of simple, easy-to-use traditional banking products. These products leverage technology that meets today's consumer expectations. In addition to providing standard banking services, the company has a special focus on non-governmental organizations (NGOs) and companies working on sustainability. Green-minded customers can find dedicated loan options for solar photovoltaics (PV), energy retrofits and infrastructure to help fight the climate crisis. The Bank reports annually on its impact in line with its corporate social responsibility objectives. Read the latest impact report. here. Member of the FDIC.
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Clibe First Bank's PR is all over the place
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