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Fifth Third Completes Acquisition of Solar Lending Specialist Dividend Finance.

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Vincent

MANews-(C)2009-2022

US-based financial services company Fifth Third Bancorp (NASDAQ: FITB) has closed on the acquisition of fintech point-of-sale lender Dividend Finance, which provides financing solutions for residential renewable energy and sustainability-focused home improvement, the company said.

Dividend Finance offers a range of loan products across multiple proprietary POS platforms and has built a solution designed to enable contractors to offer the best financing experience for their customers.

Dividend's digital lending platform is designed for customizability, providing contractors with the tools to win new business and borrowers with a streamlined process for financing home improvement projects.

In addition to a contractor network and a technology platform, Dividend has a national customer footprint focused on prime and super-prime borrowers.

Fifth Third is focused on three environmental sustainability strategies: reducing the bank's environmental footprint, managing climate-related risks and supporting our customers and communities in the transition to a more sustainable future.

In 2020, Fifth Third set its first sustainable finance goal of USD 8bn to be...

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