Climate fintech Bees & Bears secures €500M for energy credit platform
Summary
These banks are supervised by the European Central Bank.Bees & Bears software facilitates financial transactions for the installation of sustainable energy solutions in private households in Germany. "Until now, private households who wanted to finance their solar system with credit almost inevitably had to choose one of the few large online installers in the industry - because only they could offer payment in installments," explains Marius Schondelmaier, co-founder and managing director of Bees & Bears. Small and medium sized installation companies are now on a par with the industrys major players. "Jakob von Egidy, co-founder and managing director of Bees & Bears, claimed this type of credit is mutually beneficial for the banks: "Uncomplicated financing options for the climate-friendly conversion of private households are an important key to the success of the energy transition. "Traditional banks see this large market, but have difficulty with the comparatively low loan volumes and the rapid approval requests of end customers.