Venture capital fund Powerhouse Ventures has participated in Nithio’s $7.1 million series A round, led by TPG’s The Rise Fund in partnership with Kupanda Capital, and joined by Emerson Collective. This round of equity financing complements the recent close of an initial $23 million in Nithio FI from ElectriFi, the U.S. International Development Finance Corporation (DFC), and others.

Nithio’s financing platform uses unparalleled consumer credit intelligence to unl...