Metafin Secures $10 Million to Accelerate Solar Financing in India

In a significant stride toward sustainable energy solutions, Metafin, a cleantech-focused Non-Banking Financial Company (NBFC), has successfully raised $10 million in a Series A funding round. The investment was led by Vertex Ventures Southeast Asia & India, with participation from existing investors Prime Venture Partners and Varanium Capital, along with financial institutions Northern Arc and AU Small Finance Bank.

🔋 Empowering India’s Solar Future

Founded in 2019 by Sandeep Chopra and Aditya Shah, Metafin is dedicated to providing accessible financing solutions for solar energy installations. The company primarily focuses on rooftop solar loans for small businesses in rural and semi-urban areas, aiming to bridge the financing gap for clean energy adoption.

🌍 A Vision for Sustainability

Metafin’s mission goes beyond just financial inclusion; it’s about fostering environmental sustainability and energy independence. With the fresh capital infusion, Metafin plans to:

• Expand Geographical Reach: Deepen its presence in existing markets and venture into new states, enhancing accessibility to solar financing.

• Enhance Technological Infrastructure: Strengthen technology, credit, and service infrastructure to streamline loan processing and improve customer experience.

• Increase Loan Portfolio: Grow its loan book to support a larger number of solar installations, contributing to India’s renewable energy goals.

💡 Strategic Partnerships for Growth

The collaboration with Vertex Ventures SEA & India is a testament to Metafin’s potential in the renewable energy sector. Vertex Ventures, known for its early-stage investments in high-growth startups, brings valuable expertise and resources to support Metafin’s expansion plans.

📈 A Bright Future Ahead

With a clear focus on clean energy financing, Metafin is poised to play a pivotal role in India’s transition to sustainable energy. The company’s innovative approach and strategic partnerships position it as a key player in the renewable energy landscape.