Sunstone Credit, a clear power financing platform that helps companies go photo voltaic, has acquired business photo voltaic lender ORKA Finance.
As a result of monetary incentives, buyer preferences for sustainability, and the necessity for resilient energy entry, companies of all sizes are more and more adopting photo voltaic power – and experts expect that recognition to develop. Nevertheless, regardless of the various benefits of photo voltaic for companies, most corporations have lacked entry to mortgage financing for photo voltaic installations previously, forcing them to pay money, use an extra cumbersome financing answer, or forgo the advantages of photo voltaic altogether.
As a big business photo voltaic fintech platform, Sunstone is on a mission to shut this hole and assist extra companies in going photo voltaic by offering easy and cost-effective mortgage financing. Accessible on the level of sale by means of a nationwide community of photo voltaic installer companions, Sunstone’s photo voltaic finance permits companies of all sizes to reap the substantial advantages of going photo voltaic and proudly owning their very own photo voltaic system.
Via the acquisition of ORKA, Sunstone expects to have the ability to serve extra contractors and companies with its proprietary know-how platform that makes financing business photo voltaic tasks simpler and more cost-effective for companies and nonprofits.
“ORKA has constructed a formidable program evaluating companies for photo voltaic loans effectively, serving to these companies entry the various advantages of photo voltaic extra rapidly,” mentioned Josh Goldberg, CEO and co-founder of Sunstone. “This acquisition will get us one step nearer to serving to extra companies throughout the nation to do the identical.”
As a part of the acquisition, key members of the ORKA workforce, together with founder and CEO Ted Fawcett, will be part of Sunstone as advisors.
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