Solfácil intends to launch FIDC and finance $186 mm in 2021

Fintech Solfácil expects to reach R$ 1 billion ($186 mm) in funding for distributed generation photovoltaic systems in 2021 – 10 times more than the R$ 100 million ($18.6 mm) in 2020. The company plans to launch a green rights investment fund (FIDC) this year to raise funds. Currently, resources for loans come from debenture and bond issues. The company had an average monthly growth of 30% in 2020, with a single line of residential financing.

Source: Energia Hoje