PEG Africa, a West Africa-based pay-as-you-go (PAYG) solar company, has raised US$5 million from ElectriFI to continue rapid growth in existing markets. PEG Africa is a leader in deploying and financing solar to households and SMEs in West Africa. Via its PAYG financing model, it enables customers to replace their perpetual spending on poor-quality polluting fuels such as kerosene and…

PEG has qualified as a 2X investment under three of the five 2X categories: advancing women in leadership; meaningfully supporting its female employees; and implementing a targeted strategy to increase the number of female customers.

PEG has raised a US$25 million Series C funding round, allowing it to cement its position as a market leader in the region.