GNE Finance to raise money from Fundación Repsol

Spain Investments 21 January 2020
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GNE Finance, a Barcelona, Spain-based company that offers affordable loans so that families can improve the energy efficiency and sustainability of their homes, announced that it added capital investment from Fundación Repsol.

The deal, which has financial details undisclosed, was made through Fundación Repsol's Repsol Impacto Social for 20% of the company's shares.

GNE Finance, founded in 2016 by CEO Davide Cannarozzi and Eduard Puig MacLean, provides affordable financing with personalized technical assistance for housing and building reform, with loans that cover all the costs of the reform, including sustainability studies, with a repayment term of up to 25 years. Its services are aimed directly at final consumers and contribute to the regeneration of communities, improving the habitability and well-being of homes and apartment buildings, in collaboration with local actors.