Enabling companies to deliver clean energy technology to the next billion people
Headquarters London, England, United Kingdom
Solaris Offgrid is a software provider enabling Pay-as-you-go (Paygo) business models for distributors providing products on credit in Africa. The software provides critical loan management infrastructure integrated with mobile money and SMS services to automate payment, reconciliation, and process workflows. The Paygo models allow unbanked customers without access to conventional loans to finance essential products such as solar home systems to provide light and energy, or clean cooking stoves, thus aiding communities to shift away from fossil fuel dependence. Solaris Offgrid has several B2B clients across 35+ countries on its platform, with over 3 million people impacted (as of January 2023). It has recently hit profitability and is planning to introduce ancillary products such as a loan purchasing product to help with the financing capabilities of the client, as well as a more end-user-friendly app.
- As of September 2023, 4.5 million people impacted by the technology through access to essential products on credit
- Raised over $6 million from investors including Acumen Fund
- CTO recognised as Forbes 30 under 30
Currently Operating in 25 Regions
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