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Brazil’s Solfácil solar energy fintech receives US$30 million investment

RIO DE JANEIRO, BRAZIL - Solfácil, a financing platform for solar energy projects, announced on Wednesday, June 23, it received a US$30 million investment led by US venture capital fund QED Investors.

Founded in 2018, Solfácil presents itself as the first solar energy fintech in Brazil. The company mainly finances residential installation of photovoltaic generation plates and equipment, a service provided by about 5,000 integrators.

These projects, with an average value of around R$25,000, are mostly installed in houses. Loans have terms of up to 120 months and interest rates around 1.3% per month . . .

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