Solar finance and leasing platform Sun Exchange on June 9 announced it had secured a R50-million ($3-million) investment from Mauritian private equity African Renewable Power Fund (ARPF), marking the close of a R67-million ($4-million) Series-A funding round. ARPF is advised by London-based emerging markets investment advisory firm ARCH Emerging Markets Partners. Sun Exchange will use the funds to scale its solution and expand into new markets across sub-Saharan Africa, enabling platform users to lease solar power to schools, clinics, farms, cell towers, water plants, businesses and other organisations.
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