ElectriFi, an impact-investment facility funded by the EU, has taken an equity stake in Nithio FI B.V. Nithio FI is a financial intermediary that offers receivables-backed financing to off-grid energy providers in initially Nigeria, Uganda and Kenya. Nithio FI is part of Nithio Holdings, which was established in 2018 with a goal of using its AI risk analytics engine to unlock financing for energy access at scale. This innovative approach will expand access to off-grid clean energy for households, micro businesses, and smallholder farmers.
Please click here for the press release on the transaction.
