“The addition of Dividend Finance to our renewable energy portfolio enhances the scale of Fifth Third’s growing digital service capabilities and supports the Bank’s commitment to environmental leadership in financial services,” said Greg Carmichael, Fifth Third chairman and CEO. “Together, we will help our customers with innovative, technology-driven financial solutions.”
Dividend Finance was founded in 2013 in San Francisco and is one of the top national solar lenders. With a vision of creating a more efficient and sustainable world by enabling more investment in renewable energy, Dividend pioneered a financing model to improve the outcome for all parties and help accelerate the growth of solar across the U.S. Dividend’s POS technology platforms enable contractors and homeowners to easily access financing for solar and home improvement projects. LL Funds is the majority shareholder in Dividend Finance.
“The Dividend team shares Fifth Third’s commitment to solutions that improve customers’ lives and has a strong track record of innovation, growth and excellent customer experience,” said Tim Spence, president of Fifth Third Bank. “We’re thrilled to add Dividend’s best-in-class lending experience, which meets customers’ evolving preferences and helps them accelerate their transition to a more sustainable future.”
