We set out to 1) Help more people align their money with climate, 2) Help more banks participate in climate lending, and 3) Invest in our team. I’m proud to say, one year later, that we accomplished much of what we set out to do. It’s uplifting to see how far we’ve come over the last 12 months, and equally daunting to recognize how far we have still to go to achieve our mission.

Last year we made the strategic decision to shift our primary banking services provider to a new partner, Five Star Bank. A bank migration is not an easy endeavor, and for some of you that came along for the journey, there were a few noticeable bumps along the way. Now that we are on the other side of this arduous task, we are more confident than ever that we made the right decision to fuel our mission.

Since completing the migration, Atmos has been rebuilding our banking software. In the last few months, we’ve made significant progress towards creating a dynamic and flexible technology stack that will serve us for the next 10+ years and allow us to support an increasing number of people, businesses and banks wanting to create measurable climate impact with their money. We’ve also grown our team. We began the year with just 6 team members, each of us stretched to our limit. At the time of writing this letter, we’re now 18, composed of individual contributors and managers of engineering, customer success, design and lending functions. 

Starting this quarter, much of our work will become more visible. You will begin to see dramatic improvements and new products. We’ll grow our cash-back offering again, highlight improved experiences for sending money and managing finances, and introduce new partnerships, impact metrics, and product lines that broaden our appeal to an ever-increasing number of customers. 

In 2024, we’ll also introduce commercial solar, heat pump, and other loan offerings. Each of these loan products help our bank and credit union partners grow their own portfolios of climate loans so that the industry can collectively move towards decarbonization. Our impact is heightened when we work across party and institutional lines.

Our goals for 2024 are no less ambitious than last year: 

• Scale Lending across the Country. We have depositors in all 50 states, DC, and Puerto Rico. Just as we draw support from every depositor to fund climate loans, we want to enable every account holder to access a low-cost loan to fund the clean electrification of their home or business. 

• Provide you with the most Innovative Climate-Positive Financial Products. Though there are a lot of financial services providers, true innovation is not a trait generally shared amongst them. This year, we’ll strive to develop new products and features that accelerate the deployment of clean energy and electrification broadly while also creating a joyful and fulfilling banking experience.

We’re incredibly excited for the year ahead. With your help, we’ve set the stage for an exciting 2024. The speed at which we’re improving is accelerating and our future is bright. Thank you for entrusting us to carry this vision forward. Thank you for empowering your money to make climate-positive change. 

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With gratitude, 

Pete & Ravi