Credit Fair has raised $5 million in debt from the $75-million Green Basket Bond issued by Symbiotics Investments. This bond was subscribed to by British International Investment (BII) with a focus on expanding renewable energy solutions across Asia and Africa.
The funding will enable Credit Fair to expand its operations in rooftop solar financing, targeting residential and MSME customers, including housing societies, particularly in tier-2 and tier-3 cities. It will be deployed to meet the rising demand for rooftop solar installations, ensuring access to affordable and sustainable energy solutions for underserved communities. Additionally, the company plans to fund 2,500 new rooftop solar projects, contributing directly to carbon emission reductions and promoting clean energy adoption.
Founded in 2018, Credit Fair is a non-banking financial company (NBFC) that integrates traditional NBFC lending practices with digital financing to support India’s transition to sustainable energy. The company has received backing from venture capital firms such as LC Nueva AIF and Capital A, along with debt funding from major banks and NBFCs, including SBI, SIDBI, IDFC First Bank, AU Bank, and Oikocredit.
