South African Solar Fintech Company Wetility Raises $48 Million to Accelerate Growth
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South African Solar Fintech Company Wetility Raises $48 Million to Accelerate Growth
Wetility, a South African solar fintech company, has secured a total of R903 million (approximately $48 million) in funding to drive its expansion plans and increase its customer base in South Africa. The funding includes R180 million in convertible debt, a R600 million commercial debt package from Sanlam, and support from large commercial and development banks. The company, founded in 2019, offers comprehensive solar energy solutions to househo…
·Elkader, United States
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