Solar-focussed NBFC Metafin raises $10 million in round led by Vertex Ventures SEA & India

Solar loans-focussed non-banking finance company (NBFC) Metafin has raised $10 million in a mix of equity and debt funding, led by Vertex Ventures Southeast Asia and India.Existing investors Prime Venture Partners and Varanium Capital also participated in the Series A round, along with financial institutions Northern Arc and AU Small Finance Bank.

The fresh capital will be used to deepen Metafin’s presence in existing markets, expand into new states, and strengthen its technology, credit, and service infrastructure.

Founded in 2019 by Sandeep Chopra…