Announced
Completed
Financials
Tags
Domestic
Private
Friendly
FinTech
Majority
United States
Completed
Single Bidder
finance platform
Acquisition
Synopsis
Fifth Third, a financial services company, completed the acquisition of Dividend Finance, a fintech point-of-sale lender, providing financing solutions. Financial terms were not disclosed. “The addition of Dividend Finance enhances the scale of our digital service capabilities through its tech-forward platform, provides customers and contractors with a best-in-class experience, and accelerates customer adoption of solar and sustainable home improvements, which are even more compelling given rising energy prices. We expect to grow the Dividend platform significantly and further our ESG leadership position," Tim Spence, Fifth Third Bancorp President.
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