Fifth Third Bancorp Completes Acquisition of POS Lender Dividend Finance

Fifth Third Bancorp announced the completion of its acquisition of Dividend Finance on May 10, 2022. Dividend Finance operates as a point-of-sale lending platform focused on financing renewable energy installations and home improvement projects, including solar panels and battery storage. The acquisition significantly expands Fifth Third's digital lending capabilities and positions the bank in the growing sustainable finance market.

By integrating Dividend Finance's embedded lending technology, Fifth Third can offer seamless financing at the point of sale through contractor and installer networks. The deal bolsters the bank's ESG credentials and gives it access to a fast-growing segment of consumer lending tied to the clean energy transition. Financial terms were previously disclosed when the deal was first announced.

The completion marks one of the most significant bank acquisitions of an embedded lending fintech in the period, reflecting how traditional banks are using M&A to enter the embedded finance ecosystem.