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PEG Africa

Greater Accra, Ghana 🇬🇭

Commercial Lending
📧 info@pegafrica.com 📞 233302776507 Website

PEG is the leader in deploying and financing solar to households and SMEs in West Africa

Total Funding

29M USD

View All PEG Africa Fundings

Investor Count

5

View All PEG Africa Investors

Employee Range

101-250

View All PEG Africa Employees

Year Founded

2013

View PEG Africa Founders
About PEG Africa

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 diesel with solar energy. PEG is currently serving hundreds of thousands of daily users in Ghana, Cote d’Ivoire, Senegal and Mali, and has recently expanded its financing and deployment capabilities to include solar water irrigation and bigger solar power systems for SMEs

Commercial Lending Electronics
SHA Score60
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Hugh Whalan

Chief Executive Officer

Greater Accra, Ghana 🇬🇭

Active
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Nate Heller

Co-Founder & Group COO

Greater Accra, Ghana 🇬🇭

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Technologies In Use
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Website Info
Paris
France
+85%
Amsterdam
Netherlands
+75%
Venice
Italy
+62%
Barcelona
Spain
+24%
Sydney
Australia
+20%

Total Amount Raised

29M USD +5.5%

Total Funding Rounds

3.00

Investor Count

5

Latest Round

Debt Financing
Funding Breakdown For PEG Africa View all
Round Date Announced Amount Raised
#1 Debt Financing 16th October 2019 4,000,000
#2 Debt Financing 3rd September 2019 5,000,000
#3 Series C 22nd March 2019 20,000,000
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TeamApt

Banking

Lagos, Nigeria

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Yellow Africa

Solar Energy

Lilongwe, Malawi

Active
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Yellow Card

FinTech

Lagos, Nigeria

Active
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Alexander Forbes

Financial Services

Gauteng, South Africa

Active
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Recent Funding Activity
Most recent funding
@Brown Asher's most recent funding is aSeed ROund

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In the Media
ImpactAlpha
The Brief: Fixing water in Jackson, Bboxx acquires PEG Africa, Kapor Capital goes outside, Danish energy fund, sustainable deliveries, Dow Jones’ ESG data - ImpactAlpha
... Published - 11th October 2022
Reuters
UK-based power Bboxx buys solar energy provider PEG Africa : statement - Reuters
... Published - 11th October 2022
FAQs

Some of the Frequently Asked questions about PEG Africa.

PEG Africa was founded in 2013.
PEG Africa's headquarters are located in Greater Accra, Ghana.
PEG Africa's latest funding round was a Debt Financinground .
To date, PEG Africa has raised a total of 29M USD.
PEG Africa's founders include:

Hugh Whalan, Nate Heller.

Some competitor startups to PEG Africa are:

TeamApt, Yellow Africa, Yellow Card, Alexander Forbes