Deal Street

South Africa’s Sun Exchange Raises USD 2.5 Mn Funding
South Africa’s Sun Exchange Raises USD 2.5 Mn Funding

Sun Exchange, a peer-to-peer solar leasing platform based in South Africa, has raised an additional USD 2.5 Mn in funding through a convertible note investment from ARPF, a Mauritian private equity fund, to help it scale further.

Sun Exchange enables anyone, anywhere in the world, to buy remotely-located solar cells that power schools, businesses, and other organizations. The latest investment will enable Sun Exchange to continue scaling using its crowd-based solar leasing platform to facilitate solar power for small-to-medium organizations in Sub-Saharan Africa.