SunFi
“Can solar financing become the primary consumer credit product in emerging markets with weak grids?”
Founded2021
HQLagos, Nigeria
FoundersRotimi Thomas
Total raised$2.325M+ (seed)
Latest roundSeed, 2023
IndustryFintech / Lending
The story
SunFi is a Nigerian clean-energy fintech founded in 2021 by Rotimi Thomas (previously of solar installer Aspire). It operates a marketplace that connects consumers and SMBs seeking solar systems with installers and structured financing (lease-to-own, subscriptions, payment plans). The embedded-finance angle is credit origination for solar hardware in a market with unreliable grid power — SunFi underwrites customers using BVN and NIN data and manages repayments via direct debit and virtual account numbers.
Last 12 months
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Product timeline
2021
SunFi founded as an energy fintech platform connecting Nigerians to solar financing· pivot
2023
Raised $2.325M seed round led by Factor[e] and SCM Capital· banking
Regulated entities
1
regulatory licence held by SunFi
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in SunFi’s embedded-finance stack
Lending
SunFi (in-house)Solar payment plansLease-to-ownSolar subscriptionsInstaller financing
Accounting gap: none