PEG Africa Raises $5M in Debt Funding From ElectriFI
PEG Africa currently provides 400 000 daily users in Ivory Coast, Ghana and Senegal with credit for solar home systems via its pay-as-you-go financing model.
The firm was founded in 2013 by CEO Hugh Whalan and COO Nate Heller.
The company explained in a statement today that the funding will be used to help grow PEG Africa’s existing markets.
Photo courtesy of Christopher Herwig.