Fintech solar energy Solfácil, which is among the three largest in Brazil, received a contribution of R$ 160 million from the American fund QED to invest in new technologies

This Wednesday (23), fintech Solfácil announced that it received a contribution of R$ 160 million from the Series B round, which is led by the North American venture capital fund, QED Investors. A good part of the amount will be invested to improve the quality of the solar energy company's service to its buyers.

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Fintech solar energy already has plans drawn up with the contribution received

Solfácil's objective with the contribution is to invest in technology to expand and improve its financing lines, double its network of partners, which is 5 thousand, to 10 thousand and, in addition, to launch a line of solar energy for agribusiness .

The solar energy fintech intends to join names such as Creditas, Nubank, Loft or Quinto Andar, which also received contributions from QED, which was founded by Nigel Morris, also founder of Capital One, an American giant of credit cards.

According to the CEO and founder of Solfácil, Fábio Carrara, QED is one of the largest investors in fintechs in the world and will bring much know-how to make Solfácil a leading brand in technology and financing of solar energy in distributed generation in Brazil.

The growth of fintech solar energy in the Brazilian market

Fábio says that the contribution from the Series B round comes as a result of the company's rapid growth, which in the last year has grown more than 20 times, placing it among the three largest credit fintechs in the country.

The fintech that received the investment offers financing terms of up to 120 months, competitive interest rates, grace periods of 6 months and, in addition, a Distributed Generation system that gives a return on the money invested.

According to Fábio, the objective is to continue investing in services that boost sales by its solar energy integrator partners and make Solfácil's management base more concrete to continue growing in Brazil alongside more than 20 integrators, who will be of paramount importance in the green recovery and also in the generation of several jobs and dissemination of technology throughout various regions of Brazil.

Solfácil's goals for 2021

With some changes to come in the financing product, fintech estimates to reach a value of BRL 1 billion in financing this year alone, and BRL 2,5 billion in 2022, due to its investment in new technologies and its growth constant in the solar energy sector, which is 170% per year.

To meet this demand, Solfácil is studying an increase from 215 to 460 employees by December of next year, including new sales and marketing specialists.