Solfin, a digital-first renewable energy finance platform, has disbursed over Rs 100 crore in solar loans within just nine months of launching operations. Backed by the Waaree Group, Solfin’s rapid growth reflects the rising demand for accessible, tech-enabled financing in India’s expanding solar energy sector.
Launched in August 2024 as a non-banking financial company (NBFC), Solfin is focused on streamlining solar adoption through quick, digitally enabled credit solutions. The platform caters to a broad spectrum of borrowers, including homeowners, residential housing societies, and commercial and industrial (C&I) customers, with tailor-made loan products for rooftop solar installations and solar supply chains.
Solfin’s early success has been supported by a Rs 100 crore investment from Waaree Sustainable Finance Pvt. Ltd., the financial arm of the Waaree Group. This capital infusion has allowed the company to scale its lending operations and extend its reach to more underserved markets across the country.
