Prior to 2020, providing clean energy home improvements was done through one-on-one interactions: the installer would knock on the homeowner’s door and offer them a loan. However, the pandemic dramatically impacted on this sales model. Switching to Mosaic’s digital platform became the clear path forward for both sellers and buyers.
Third-party integrations paved the way for accelerated business growth. New connections with financial institutions, external scoring engines, and contractor partners allowed Mosaic to leverage diverse opportunities for expansion in the space.
Thanks to intive’s expert support and guidance, Mosaic has also been able to launch the second version of its public API, representing a major milestone for the company. This development has brought in companies that group together new solar panel installers. Acting as intermediaries between homeowners and providers, installers are now able to apply for credit and receive payments through the API.
With streamlined procedures to apply for financing, families are easily referred by solar installers, as well as other ecosystem partners. This significantly shortens the wait time to get a credit decision for deposit-free loans with fixed interest rates and multiple-term options.