Hatch Bank, a tech-forward sponsor bank built to support innovative financial products and services, has announced a new partnership with Thrive Financial, a fast-growing fintech platform specializing in point-of-sale financing for home improvement projects. Through this collaboration, Hatch will serve as the originating bank for select loans offered via Thrive’s modern lending platform.
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The partnership reflects a shared mission to make home improvement financing more accessible. While homeowners continue to show strong interest in upgrading their homes, many projects never move forward simply because consumers lack easy access to financing at the moment they’re making a purchase decision. Thrive helps contractors and home service providers bridge this gap by embedding a simple, digital loan application directly into their sales and SaaS systems. With Hatch’s involvement, even more homeowners will gain access to frictionless financing options right at the point of sale.
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Together, Hatch’s custom-built banking solutions and Thrive’s intuitive loan application and servicing platform create a seamless experience for both merchants and consumers. Contractors can offer financing instantly—helping them close more sales—while consumers enjoy increased purchasing power, more flexible options for a range of credit profiles, and lower-cost choices for qualified borrowers. The combined structure is designed to benefit everyone involved, from merchants seeking efficiency to homeowners searching for affordable ways to fund their projects.
Jeffrey Green, Interim President of Hatch Bank, emphasized the importance of the partnership, noting that it aligns with the bank’s focus on supporting innovative fintech players in the home improvement and energy-efficiency space. “We’re excited to work with the experienced team at Thrive to expand access to embedded lending experiences, empowering consumers through frictionless financing optionality,” he said.
Beyond powering point-of-sale lending, Hatch is also assisting Thrive with its broader capital markets strategy. By providing efficient capital solutions, Hatch strengthens Thrive’s ability to operate in the increasingly complex private capital environment.
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Ryan Cannon, Co-Founder and Chief Risk Officer of Thrive Financial, highlighted the significance of finding the right sponsor bank partner. “To build a modern home improvement lending platform from the ground up, we needed a bank with flexible financing capabilities and deep expertise in sponsor banking,” he said. “Hatch’s understanding of risk, capital markets, and embedded finance makes them the ideal partner as we work to simplify and expand access to home improvement financing for consumers and businesses.”
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