2021 Lab proponent Nithio has locked down EUR 10 million from the Danish Investment Fund for Developing Countries. The investment will be for Nithio’s investment vehicle, FAIR—the Facility for Adaptation, Inclusion, and Resilience that provides finance for clean energy solutions to households and small enterprises in Africa.
Nithio is the proponent behind the 2021 Lab instrument Data-Driven Energy Access for Africa that uses artificial intelligence to standardize metrics related to customer repayment risk, improving access to capital for distributors and efficient intermediation of credit and grants to better serve customers.
“Nithio is proud to partner with IFU, an organization that is strongly aligned with Nithio’s mission to build climate resilience through clean energy access in Africa in areas most impacted by climate change.”
Kate Steel, Nithio Co-Founder and CEO.