Tag Archives: Mosaic Solar

Mosaic Announces $100 Million Investment Facility with PartnerReGlobal

21 Oct

Financial Services Company to Provide Institutional Investment and Support Mosaic’s Rapid Growth in Home Solar Loans

By Robert Hoskins

Oakland, California – Mosaic Solar, a peer-to-peer solar finance company, announced that an affiliate of global reinsurer PartnerRe Ltd. (NYSE:  PRE) will provide up to $100 million in financing for Mosaic’s home solar loan program.

Under the terms of the facility, PartnerRe will finance the purchase of loans originated by Mosaic. The company also expects to continue to grow its successful peer-to-peer lending platform, which has already seen thousands of investors join the Mosaic community.

“Mosaic’s superior loan terms, user-friendly borrowing experience, and recent expansion into several new states throughout the U.S. have resulted in accelerating demand for capital sourcing for our homeowner loans beyond traditional crowdfunding,” said Bruce Ledesma, Mosaic’s Chief Operating Officer.  “We are thrilled to work with an experienced investment team to expand the availability of our lending capacity to solar installers and their customers throughout the country.”

“Mosaic has successfully created innovative loan products and technology-driven origination processes,” said David Moran, President of PartnerRe Principal Finance Inc.  “PartnerRe is impressed with the quality of consumer loans in Mosaic’s portfolio.  We look forward to beginning our financing arrangement and facilitating greater access to capital for the solar market consistent with our investment objectives.”

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British Solar Panel Firm Becomes the Latest Successful Campaign on Equity Crowdfunding Platform, Crowdcube, Smashing £100,000 Goal in Less Than 10 Days

17 Jan

Solar becomes the latest industry to turn to crowdfunding

By , Editor, Tech City News

We’ve covered crowdfunding extensively over the past year, with some predicting the industry could raise up to £15bn of funding for growing businesses over the next 3 years.

Solar panels, but not as you’ve seen them before

Solar panels, but not as you’ve seen them before

In 2013, we’ve seen campaigns for investigative journalisma startup incubator on a London bus and even Gorilla conservation  as an alternative way to raise funds.

Now a British solar panel firm has become the latest to run a campaign on Crowdcube, an equity crowdfunding platform, smashing their £100,000 goal in less than 10 days.

Solarmass’ pitch has received pledges from 96 investors, offering out 11.96% equity. Investments in the company are also eligible for EIS and SEIS tax relief.

Click here to read the full story.

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