Fifth Third Bancorp recently completed its acquisition of Dividend Finance, a fintech point-of-sale (POS) lender. The acquisition provides financing solutions for residential renewable energy and sustainability-focused home improvement, Fifth Third Bancorp said in a release.

“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,” Fifth Third Bancorp President Tim Spence said in the release. “We expect to grow the Dividend platform significantly and further our ESG leadership position.”

Dividend Finance offers a range of loan products across multiple proprietary POS platforms and has built a one-stop solution that enables contractors to offer the best financing experience for their customers.

Dividend’s digital lending platform, according to the release, is designed for customizability, providing contractors with the tools to win new business and borrowers with a streamlined process for financing home improvement projects. In addition to a robust contractor network and a leading technology platform, Dividend has a national customer footprint focused on prime and super-prime borrowers.

“Fifth Third has continued to impress us with its serious commitments to financing the sustainable energy revolution, empowering its customers and its leadership in financial technology innovation,” Eric White, who joins Fifth Third as president of Dividend Finance, said. “The Dividend Finance organization is thrilled to be joining the Fifth Third family to advance our bold shared ambitions.”