Fintech Company Renew Financial Brings In $300 Million

Renew Financial announced it has secured $300 million in debt financing. Morgan Stanley Bank and Barclays participated in the round.

Renew Financial provides financing solutions that help efficiency and renewable energy contractors expand their businesses and promote energy independence. The company’s aim is to develop advanced financing designed to transform America’s economy to clean energy. Renew Financial’s products include its Property Assessed Clean Energy (PACE) financing model and the Warehouse for Energy Efficiency Loans, which open the residential energy efficiency finance market to large institutional investors.

According to the company, the funding proceeds will allow Renew Financial to provide financing through PACE programs in Florida and California.