Tuesday
January 30
2024

Climate Finance: Fintech Nithio Raises $10 Million for Its African Operations

By Jean Marie Takouleu

The Netherlands Development Finance Corporation (FMO) has committed $10 million to climate fintech Nithio’s Facility for Adaptation, Inclusion and Resilience (FAIR). The platform finances solar energy for productive use.

Good news for Nithio. The climate fintech has secured $10 million in new funding for its Facility for Adaptation, Inclusion and Resilience (FAIR).

Photo courtesy of geralt.

Source: Afrik21 (link opens in a new window)

Categories
Environment, Finance, Technology
Tags
climate finance, development finance, energy access, fintech, MSMEs