January 16

Sun King Secures USD $7 Million Boost From Lendable For Expanding Clean Energy Access In Africa

Sun King, a global leader in off-grid solar energy, has successfully secured an unsecured loan of USD 7 million from Lendable, a prominent provider of debt to fintech companies in emerging markets.

This strategic partnership is poised to catapult Sun King’s reach, facilitating the scaling of its business operations. Through its innovative pay-as-you-go (PAYG) financing model, Sun King aims to extend access to clean energy solutions to a broader spectrum of low-income consumers across the African continent.

Photo courtesy of andreas160578.

Source: SolarQuarter (link opens in a new window)

Energy, Technology
energy access, fintech, innovation, off-grid energy, PAYGO finance, renewable energy