Deal Street

African Startup Funding Tracker

$622,679,000+

*Data updated daily at 18:00 EAT

Solar Power Provider d.light Secures USD 125 M Funding Through A Securitization Facility
Solar Power Provider d.light Secures USD 125 M Funding Through A Securitization Facility

d.light, the global provider of transformational household products and affordable finance for low-income households, has secured a USD 30 M securitization facility  from the Eastern and Southern African Trade and Development Bank Group (TDB Group), with the capability to purchase up to USD 125 M of receivable assets. d.light will use the capital to increase its existing securitized financing facility in Tanzania and scale up its low-cost Pay-Go personal finance service in the country so that more low-income people and households can purchase the company’s affordable, solar-powered household products.

The company provides customers with a broad portfolio of sustainable solutions, ranging from portable solar lanterns to financed solar home systems and related aspirational products, such as smartphones and televisions. It offers kits ranging from solar lanterns to solar home systems, capable of powering several LED light bulbs, mobile phones, radios, and small televisions.