SunFi, a clean technology startup in Nigeria, has raised $2.33 million from a variety of investors, including Factor[e] in Nairobi, SCM Capital Asset Management, Voltron Capital, Norrsken Impact Accelerator, Ventures Platform, and Sovereign Capital.
SunFi is an energy financial technology platform that connects people who need access to solar energy with payment plans that meet their needs. It was founded in 2021 by Rotimi Thomas (CEO), Tomiwa Igun (COO), and Olaoluwa Faniyi (CTO).
Additionally, it offers clients two payment options: a subscription model, where customers pay a monthly fee to use the solar system after making an initial deposit, and a lease-to-own option, where consumers make payments in installments before owning the solar system.
By reducing the technical and financial risk associated with financing solar solution portfolios, SunFi adds value for these clean energy investors and opens opportunities for lending as a service for clean energy providers.
SunFi has added over 40 solar system vendors to its platform at various stages of vetting since its official launch in February of last year; 10 of these vendors are its key providers and have helped more than 129 consumers.
The energy start-up, which has been operating for a year, has used its ties with financial institutions to distribute more than $600,000.
The funding will assist SunFi in expanding its business and enhancing its capacity to suggest the best solutions to customers at the most affordable prices.
Read more on Tech Gist Africa:
Trade Lenda, a fintech startup in Nigeria, secures a $520,000 pre-seed funding.
Releaf, a Nigerian agri-tech startup, has raised $3.3m in a pre-Series A funding round
Taeillo, a Nigerian startup, has raised $2.5 million in funding
