Kenyan Off-Grid Solar Energy Company SunKing Raises USD 7 M Debt Funding

Sun King, formally Greenlight Planet Inc, an off-grid solar energy company, has raised an unsecured loan of USD 7 M from Lendable, a leading provider of debt to financial technology companies in emerging and frontier markets. This partnership will enable Sun King to scale its business, allowing more low-income consumers across Africa to access clean energy solutions through its pay-as-you-go (PAYG) financing model. 

Founded in 2007, SunKing provides cutting-edge product design, affordable financing, and a grassroots installation model to provide energy to consumers across Africa and Asia who lack access to reliable electricity. Lendable is a technology-enabled investment and alternatives platform focused on global impact alternatives. Lendable’s mission is to create a more equitable and sustainable world through data and finance.