• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate deals

Nigerian clean tech startup, SunFi, raises $2.325 million in seed funding

Samson Akintaro by Samson Akintaro
February 3, 2023
in Corporate deals, Sectors, Tech News
Nigerian clean tech startup, SunFi, raises $2.325 million in seed funding
Share on FacebookShare on TwitterShare on Linkedin

SunFI, a Nigerian clean tech startup, announced that it has raised $2.325 million in seed funding.

The company’s CEO, Rotimi Thomas, said the investment would help SunFi grow its operations and improve its capabilities to recommend the best systems at the lowest cost to customers. 

The funding was led by Nairobi-based Factor[e] and Sterling Bank’s SCM Capital Asset Management. Other participating investors include Voltron Capital, Norrsken Impact Accelerator, Ventures Platform and Sovereign Capital. 

RelatedStories

No Content Available

How SunFI operates: The startup specialises in connecting households and businesses who are interested in solar energy access to suitable payment plans.

SunFi creates value for clean energy investors by de-risking the technical and credit risk involved in financing portfolios of solar solutions, opening avenues for lending as a service play for clean energy providers. Thomas explained the business model, saying:

  • “Our current revenue model relies on margins charged for the payment plans. Our value proposition is sticky as we enable solar installers to scale by addressing their end-to-end value-chain needs. 
  • “In addition to accessing payment plans in as little as 24 hours, they can design optimized solar-inverter-battery solutions, aggregate equipment demand for better supply chain terms, access a wide installer network, and activate remote monitoring capabilities.” 

More about SunFi: Since its official launch in Q1 2022, SunFi has onboarded over 40 solar system vendors to its platform at various stages of vetting; 10 are its core providers, which have served more than 129 customers. Within the past year, the one-year-old energy startup has deployed more than $600,000 to these customers via its partnerships with financial institutions. 

The energy company provides customers with two payment methods -a lease to own, where after an initial deposit, customers make payments in instalments before owing the solar system, and a subscription model, where customers pay to use the solar system monthly. 

Do note that SunFi does not manufacture or install solar panels, but it gives small solar businesses expert advice on choosing the best manufacturers in the market. By filling the credit gap, SunFi wants to eliminate the need for solar providers to seek credit from financial institutions. 

 


Follow us for Breaking News and Market Intelligence.
Tags: Rotimi ThomasSunFI
Samson Akintaro

Samson Akintaro

Samson Akintaro is a tech enthusiast and has over a decade experience covering and writing about the tech industry. He is currently the Tech Analyst at Nairametrics.

Related Posts

No Content Available
Next Post
Nigeria bonds declines ahead of S&P credit rating review

Nigerian bonds decline ahead of S&P credit rating review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • BREAKING: GTCO becomes first banking stock to cross N100 on NGX 
  • Analysts predict naira won’t drop beyond N1,600 in H2 2025, cite reasons 
  • Beyond Hype: Building an AI-Ready business in Africa 

Follow us on social media:

Recent News

Breaking news

BREAKING: GTCO becomes first banking stock to cross N100 on NGX 

July 16, 2025

Analysts predict naira won’t drop beyond N1,600 in H2 2025, cite reasons 

July 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics