How embedded lending can transform renewables

In our latest episode of the Embedded Finance Review podcast, I sit down with Peder Broms, the co-founder and CEO of Cloover. Cloover is revolutionizing the renewable energy sector by offering software and consumer financing products for hardware installations like photovoltaic systems. This episode dives into the innovative solutions Cloover provides, the challenges of the renewable energy market, and Peder's vision for the future.

Key Takeaways

• Innovative Financing Solutions: Learn how Cloover’s plug-and-play solution helps home improvement companies offer financing options, making renewable energy installations more accessible to homeowners.

• Customer Journey: Understand the seamless customer journey from initial contact with installers to financing approval and installation.

• Partnerships and Vetting Process: Discover the stringent requirements and robust vetting process Cloover uses to ensure high-quality partnerships with installation companies.

• Market Insights: Gain insights into the renewable energy market dynamics, especially in the DACH region, and how Cloover is positioning itself for growth.

• Future Vision: Peder shares his vision of Cloover’s long-term goals, including expanding across Europe and supporting the entire ecosystem of renewable energy with innovative solutions.

• Challenges and Opportunities: Hear about the challenges in customer adoption, the importance of quality installations, and the unique underwriting process Cloover employs to mitigate risks.

• Funding and Growth: Get an inside look at Cloover’s recent funding round and their strategic approach to financing and partnerships with banks and institutional investors.