Funding and M&A Roundup: Solar Fintech Solfácil Raises $30 Million in Series B Funding
Electric Hydrogen raises $24 million Series A financing led by Breakthrough Energy Ventures
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Brazil-based solar financing company Solfácil has raised $30 million in a Series B funding round led by QED Investors and involving Valor Capital, its Chief Executive Officer Fabio Carrara. Solfácil is the first fintech venture to focus on solar energy in Brazil, where it finances the installation of solar panels and PV equipment in people’s homes. Solfácil seeks to boost its yearly solar loans from BRL700 million (~$141.28 million) to BRL2.5 billion (~$50.56 million) by 2022.
