Nithio FI Receives USD 4.5 Mn Investment From FSD Africa Investments

Nithio FI, an AI-enabled financing startup that intends to standardize credit risk assessments and attract further capital to the sector, has received a USD 4.5 Mn investment from FSD Africa Investments (FSDAi), the investment arm of FSD Africa to scale its off-grid energy access.

Nithio Fl is an energy financing intermediary that provides Pay as You Go (PAYG) off-grid solar services in Uganda, Nigeria, and Kenya and securing secure and sustainable renewable energy solutions for mall businesses and households. The company plans to offer financing to over 224,000 energy access products in Africa, including solar home systems and productive use appliances.