Mosaic Surpasses $ 6 Billion in Funded Loans for Solar and Sustainable Home Improvements


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2021-11-30

OAKLAND, California, November 30, 2021 / PRNewswire / – Mosaic, a leading financing platform for residential solar and energy efficient home improvements in the United States, today announced that it has surpassed $ 6 billion in loans financed through the company’s platform. The announcement comes just four months after the company surpassed $ 5 billion in loans, and nine months since $ 4 billion in loans has been announced.

“As the impacts of climate change continue to grow, it is inspiring to see more and more people joining the clean energy transition and reducing the carbon footprint of their homes,” said Billy Parish, founder and CEO of Mosaic. “The opportunity and the challenge ahead are enormous: we need to modernize the entire global building stock to both tackle climate change and adapt to the changes that are already with us. “

Mosaic also welcomed a new member to its board of directors. Rayman (Ray) Mathoda is a seasoned CEO with nearly 20 years of fintech, proptech and banking experience. With extensive board experience in the public, private and not-for-profit sectors, Mathoda has successfully led and transformed five different companies over the past 10 years.

Most recently, Mathoda was CEO of Xome, a $ 1 billion portfolio of real estate data and technology companies, she is credited with transforming culturally and strategically while improving annual revenues by $ 80 million in less than two years.

“As Mosaic continues to experience rapid growth, we are delighted to have Ray join our board of directors,” said Parish. “With her track record of strategic, operational and financial success, we believe she will play a key role in the continued growth of our business. ”

About Mosaic
Mosaic makes financing for solar, solar and energy storage systems and other sustainable home improvements accessible and affordable for homeowners by providing a quick and easy way to apply for financing options. Customers are referred by approved solar installers and home improvement contractors, as well as other ecosystem partners, and can get a credit decision in minutes for no down payment loans with fixed interest rates and multiple duration options. Funding requested and processed through the Mosaic platform comes from Solar Mosaic, LLC or one of its lending / funding partners. For our network of thousands of solar installers and home improvement contractors, Mosaic provides a streamlined financing platform to drive sales growth. Since 2012, Mosaic has helped more than 180,000 households make the transition to sustainable home improvement through its financing products.

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