FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has invested $4.5 million in Nithio FI, a renewable energy financing intermediary focused on the pay-as-you-go (PAYG) off-grid solar sector, to provide reliable and sustainable renewable energy solutions for households and small businesses in Kenya, Nigeria and Uganda.

Nithio Holdings is an AI-enabled energy financing platform whose mission is to standardise credit risk assessments and therefore drive more capital to the ...