Back to all projects
project

Nithio FI

Country
Nigeria
Technology
Solar PV
Business model
SHS

Nithio FI offers data science services that enable the SHS operators to access cheaper capital and to learn how to allocate it more efficiently. EDFI ElectriFI’s investment is part of the initial funding round that will unlock up to USD 15m senior debt and help the company prove the viability of its concept.

Contract signature date: December 2020

Total ElectriFI Financing: USD 5m (4.10m EUR)

Environmental and Social Category: FI C

(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk

 

Project overview: Nithio FI aims to provide innovative receivables backed financing solutions to companies providing energy access services to rural populations and support those companies in smartly deploying the capital to increase their impact in the most financially sustainable way.

They distinguish themselves from other financing facilities through their usage of data-driven predictive analyses. These analyses enable them to, on the one hand, accurately predict the payments and, therefore, the value of the existing portfolio of receivables. On the other hand, they offer a prospecting tool that can pinpoint the optimal regions for the operators to reinvest the proceeds they receive.

Funding objective: EDFI ElectriFI’s funding to be part of the initial funding round that will unlock up to USD 15m senior debt and help the company prove its concept.

Funding rationale: EDFI ElectriFI’s investment will catalyse senior lenders and will contribute to increasing the support of existing, well established SHS distributors as well as smaller local distributors in diverse markets. By combining accurate receivable valuation and sophisticated data science services, Nithio enables the SHS Operators to get access to cheaper capital and to learn how to allocate it more efficiently compared to what would have been previously possible.

 

Website: www.nithio.com

Impact

Beneficiaries
262 500
GHG avoidance (tCO2eq/y)
101 116

Key indicators

Beneficiary
Nithio FI
Financing instrument
Quasi equity
Amount
EUR 4.10m: 2.72m (ElectriFI Global) + 1.36m (CW Nigeria)
Countries
Kenya, Uganda, Nigeria
Technologies
Solar PV
Business model
Solar Home Systems
Year
2020
Facility
Gloabal + Country Window Nigeria
Stay informed about
Our new investments
More info ?Contact Us !
Contact