Climate First Bank

Climate First Bank

Bank offering solar and green loans

Overview

Climate First Bank is a full-service bank focused on helping customers make environmentally friendly financial decisions. Its products include personal loans for solar installations and energy retrofits, commercial loans, and standard banking services like checking and savings accounts. The bank emphasizes a simple, fast experience for solar financing, offering quick approvals, competitive interest rates, and no dealer fees. It differentiates itself by prioritizing sustainability and community impact, including pursuing a LEED-certified branch and leadership that aims to direct deposits toward planet-saving investments. The bank's goal is to earn profit while delivering a positive environmental impact for Central Floridians and their stakeholders.

Funded Recently

About Climate First Bank

Simplify's Rating
Why Climate First Bank is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Social Impact

Financial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$148M

Headquarters

Saint Petersburg, Florida

Founded

2020

People at Climate First Bank

People at Climate First Bank who can refer or advise you

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Simplify's Take

What believers are saying

  • The $67M funding round enables community bank acquisitions and prepares for a potential IPO by 2027.
  • Solar financing drives growth, with over $555M in residential and commercial projects across 50 states.
  • Institutional investor backing from Wellington Management and AllianceBernstein validates mainstream confidence in climate banking.

What critics are saying

  • Premature federal solar tax credit expiration could drop residential loan demand by 40–60% in 6–12 months.
  • New SEC climate disclosure rules may increase compliance costs by $2–4M annually and delay IPO by 12–18 months.
  • Florida flood-related property devaluations could erase $150M+ in acquired deposit value by 2027.

What makes Climate First Bank unique

  • Climate First Bank is the nation's first climate-focused community bank with FDIC insurance.
  • It offers a hassle-free solar loan process with no dealer fees and quick approvals.
  • The bank is a Certified B Corp and net zero operational, integrating sustainability into all services.

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Funding

Total Funding

$148M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$67M
Climate First Bank

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

401(k) Retirement Plan

401(k) Company Match

Stock Options

Paid Vacation

Paid Sick Leave

Life Insurance

Disability Insurance

Voluntary Life, Accident & Critical Illness Coverage

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

0%
ReThink Energy Florida
May 1st, 2026
May 2026 newsletter.

May 2026 newsletter. Did you know you can support ReThink Energy Florida with where you bank? Climate First Bank allows you to bank with purpose! ReThink Energy Florida is excited to announce a new partnership with Climate First Bank, the world's first FDIC-insured, values-based, digital forward community bank founded to help combat the climate crisis. Unlike most traditional banks that invest billions in fossil fuels and environmentally harmful industries, Climate First Bank puts your money to work supporting clean energy, small businesses, community resilience, environmental stewardship, and more.* Through this partnership, Climate First Bank will donate: $100 for every eligible individual account opened $250 for every eligible business account opened - directly to ReThink Energy Florida! Terms apply. See eligible accounts and open an account today HERE or use promo code NonProfitREThinkEnergyFlorida *Source: Topo Finance - Carbon Bankroll 2 https://www.topofinance.org/carbon-bankroll-2. ReThink Energy Florida is not a bank and does not influence account terms. All accounts and data are handled by Climate First Bank. Program and terms subject to change.

Sustainable Credit Partners
Mar 16th, 2026
17.4 MM Green first mortgage closed.

17.4 MM Green first mortgage closed. Sustainable Credit Partners (SCP), in partnership with Climate First Bank, announces the closing of an $8,350,000 first mortgage loan to finance the acquisition and repositioning of 2307 Business Center Drive, a 62,750-square-foot industrial warehouse located in Austin, Texas. The property is being acquired by Portal Warehousing. Upon completion of a planned renovation, the facility will be repositioned as a commercial storage warehouse under the Portal Warehousing brand, offering flexible, right-sized industrial suites ranging from 250 to 2,500 square feet for e-commerce brands, small and mid-sized businesses, logistics operators, and enterprise users. The property's infill location, within a 10-minute drive of Austin-Bergstrom International Airport, provides strong, captive demand for the last-mile distribution and fulfillment users the Portal model serves. Planned improvements include LED lighting upgrades, high-efficiency HVAC replacements, and dock door insulation. SCP's technical assistance partner GreenGen determined the improvements satisfy SCP's Green Loan Principles Framework. "This is SCP's first retrofit financing, and we worked closely with the borrower to demonstrate the ROI on investing additional capital in LED lighting and HVAC replacements, two upgrades that meaningfully cut operating costs while building long-term asset value." - Joe Stevens, Founding Partner, Sustainable Credit Partners. "This deal reflects exactly what SCP was built to do: deploy capital into assets where a credible value-add business plan and a clear path to energy efficiency converge. The Portal Warehousing model addresses a real gap in the market for flexible, operational space. - Robert Zulkoski, Founder and CEO, Sustainable Credit Partners. Cushman & Wakefield arranged the financing on behalf of the Sponsor.

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