GoodLeap, formerly Loanpal, is a finance technology company that provides financing options for the residential solar energy industry. The company was founded in 2003 as Paramount Equity and was later rebranded to Loanpal. In June 2021, the company rebranded to GoodLeap.
GoodLeap started as Paramount Equity Mortgage, founded in 2003 by Hayes Barnard, Jason Walker and Matt Dawson. Although they launched in California’s Sacramento Valley, the company quickly started branching out to other states and is now lending nationwide.
In June 2021, Loanpal rebranded to GoodLeap and began supporting additional sustainable home-improvement products.
The company employs about 900 people. It has locations in Roseville, San Francisco, Irvine, California, Phoenix, Kansas City, and Bentonville, Arkansas.
As of 2020, the company was responsible for 41% of the solar loan market in the U.S. and is the top solar lender in the country. By February 2022, GoodLeap’s valuation is 12$ billion.
According to cbinsights