Brazilian B2B2C solar fintech Solfácil raised $170M through a Credit Rights Investment Fund (FIDC), bringing its total funding to over $850M across debt and equity.
Solfácil offers loans through integrators, or salespeople, for residential and small business solar installations and sells solar equipment such as panels, inverters, and cables.
Solfácil will use the funds to finance new solar kit installations.
“The drop in equipment prices has more than offset rising interest rates, making it highly attractive for people to finance solar energy assets for their homes,” said Guillaume Tiret, co-founder and CFO of Solfácil.
Founded in 2018, Solfácil has financed over 145K solar systems and issued $679M in loans, supporting 1.2 GW of installed solar capacity.
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