OCTOBER 10, 2018
Builder.Media had the chance to discuss the latest launch of the new Mosaic app with Mosaic’s President and COO Patrick Moore.
JULY 11, 2018
Mosaic announced it has partnered with Amicus Solar, a member-owned cooperative comprised of approximately 50 regional solar energy companies, to provide Amicus members with access to Mosaic’s tool suite for financing the modern home.
NOVEMBER 17, 2017
The Green Revolution must be financed. And Billy Parish, 36, has built a billion-dollar business that has yoked the financial muscle of Wall Street to the challenge of powering the nation's homes with clean, efficient energy.
NOVEMBER 1, 2017
Mosaic's CEO, Billy Parish writes about Section 201 trade case and how these potential tariffs would not only impact the solar industry, but other industries as well, including fintech.
SEPTEMBER 15, 2017
Residential solar installation financing used to be almost entirely backed by leases, which allowed an installer to aggregate risk and sell off different cash flows to investors. But long term, it's likely that loans will play a much larger part in solar financing, as they do in home and auto sales.
SEPTEMBER 13, 2017
Solar loan provider Mosaic reached an agreement with Goldman Sachs in which the bank will buy $300 million in loans over time. Mosaic this week also finalized a partnership with Wave Solar to give Mosaic's dealer partners a pre-negotiated discount on the lead-generation platform.
AUGUST 5, 2016
The financing was led by Warburg Pincus, a private equity firm based in San Francisco. Core Innovation Capital and Obvious Ventures, Twitter (NYSE: TWTR) founder Ev Williams' venture firm, also contributed to the round. The company last raised $200 million in debt financing in April 2016, and has previously raised about $23 million in addition to a grant from the U.S. Department of Energy in 2012. The company was founded in 2010.
AUGUST 4, 2016
Private-equity firm Warburg Pincus is leading a $220 million equity investment in energy-financing startup Solar Mosaic Inc. Mosaic partners with solar-installation contractors who offer its loans as an option to homeowners interested in getting solar or other energy upgrades. It says it has developed a quick credit-assessment formula, taking a page from the playbook of online-lending startups.
AUGUST 4, 2016
Mosaic claims to provide "the simplest borrower experience in the industry. Customers are connected to top solar installers and can qualify instantly for no money down loans with fixed interest rates and multiple term options. For solar installers, Mosaic provides a streamlined financing platform to drive sales growth."
JULY 12, 2016
"We are thrilled to welcome Michael, Eric and Katya to Mosaic as we enter our next phase of growth," said Billy Parish, founder and CEO at Mosaic. "Each of our new hires is an expert in their respective fields and will play an important role as we prepare to reach our goal of originating $1 billion in solar loans by the end of the year. Every day, more homeowners are choosing to transition from fossil fuel based electricity and move toward going 100% clean energy at home."
APRIL 27, 2016
Solar Mosaic Inc, a former crowdfunding startup that reinvented itself as a provider of home solar loans, said on Wednesday it had secured $200 million in funding that will support at least 5,000 rooftop installations. Germany's DZ Bank and New York state's NY Green Bank provided the warehouse financing to the Oakland, California-based company, which goes by Mosaic.