Paragon expands partnership with Zeti to help SMEs invest in renewable energy
The partnership will support funding for renewable energy assets with flexible finance options based on actual energy production and usage.
Paragon Bank’s SME lending division expanded its partnership with Zeti, formally appointing Zeti as its fintech partner.
The collaboration will help UK SMEs invest in renewable energy technologies such as rooftop solar, combined heat and power systems, and small-scale wind, supporting the transition to net zero.
Paragon will use ZetiOS, Zeti’s cloud-based software platform, to access real-time asset data, including financial reporting, emissions tracking and asset health monitoring.
This is expected to improve automation, financial and sustainability reporting, and ESG intelligence across Paragon’s financed assets.
The system aims to deliver faster lending decisions and a smoother customer experience.
The partnership will support funding for renewable energy assets with flexible finance options based on actual energy production and usage.
It builds on established power purchase agreement models to help SMEs reduce energy costs and support UK decarbonisation and energy resilience.
Dan Saunders (pictured, left), founder & CEO at Zeti, said: “From the outset, ZetiOS was built to modernise how capital connects with real-world assets.
“Our technology brings together data, insight and automation to give lenders the confidence to finance more customers, more efficiently, across a much wider set of asset and infrastructure use cases.
“Partnering with Paragon demonstrates how banks can move beyond traditional models and use software to support everything from vehicle finance to complex renewable and energy infrastructure assets.”
Matt Bass (pictured, centre), head of specialist finance in Paragon’s SME lending division, said: “As a FTSE 250 lender working with more than 16,000 UK SMEs, Paragon is committed to funding a greener future for SMEs and the UK economy.
“We want to make a meaningful difference by providing simple and modern finance solutions which enable SMEs to have assets that reduce emissions and provide energy certainty.
“Zeti’s team is entirely aligned with these goals and their tech expertise enables us to do exactly that.”
Bass added: “Whether it’s pay‑per‑use vehicle finance or multi‑asset renewable energy solutions, this partnership allows us to deliver smarter, data‑driven outcomes for our customers at scale.”
Dave Kennon (pictured, right), commercial director at Zeti, said: “This partnership is a great example of what happens when deep finance experience meets genuinely innovative technology.
“We have worked closely with the team at Paragon to remove many of the traditional barriers that slow down capital deployment, whether that is complexity, data gaps or rigid structures.
“By using ZetiOS across its portfolio management, Paragon can reach a broader range of customers and asset classes, helping clients access flexible finance and new products that deliver long-term energy security at lower cost, while supporting net zero ambitions across transport, energy and beyond.”
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