Energy fintech startup, SunFi has raised $2.325 million in seed funding from investors including Nairobi-based Factor[e] and SCM Capital Asset Management.
The seed round for SunFi also had other participating investors like Voltron Capital, Norrsken Impact Accelerator, Ventures Platform and Sovereign Capital.
The investment will enable the clean tech to grow its operations and improve capabilities to recommend the best systems at the lowest cost to customers.
SunFi provides access to payment plans for users who need solar energy. Added to optimizing and matching the right clean energy solution to meet users’ needs, the company’s services include installation support and maintenance.
Its affordable and reliable solar technology reducing reliance on grid-based power was launched in February 2022. Ever since, SunFi has onboarded over 40 solar system vendors to its platform including 10 core providers, which have served more than 129 customers. Within this period, the energy startup has deployed more than $600,000 to customers via partnerships with financial institutions.
SunFi is looking to enhance its platform over the next 12-18 months with the current investment. The clean tech is in talks to raise additional third-party capital, from commercial banks and other financing partners.
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