# Credit Fair

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/credit-fair

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.creditfair.in
- Total disclosed funding: $2M
- Latest round: Seed (Jul 9, 2022)
- Investors on record: 3

## About

Credit Fair is an Indian financial services company specializing in innovative solar energy financing, enabling customers to adopt sustainable energy solutions without upfront costs.Founded in 2018, Credit Fair operates out of Mumbai, India, providing financing solutions for solar installations. The company has successfully completed 7 deals, with its most recent funding round occurring on February 18, 2025. The latest round raised INR 150.000 mn in VENTURE DEBT, contributing to a total of INR 158.760 mn in funding. The company is co-founded by Aditya Damani, who also serves as CEO, emphasizing his commitment to renewable energy financing.Credit Fair offers innovative financial solutions primarily focused on solar energy financing, specifically through rooftop solar loans that allow customers to install solar panels without upfront costs. Their services cater to various customer segments, including homeowners, small and medium enterprises (MSMEs), and housing societies, enhancing accessibility to sustainable energy solutions across urban and rural India. The company is aligned with government initiatives like the PM Surya Ghar initiative, further promoting solar energy adoption.In the most recent year, 2023, Credit Fair generated revenue of INR 2,386,939.60 and achieved an EBITDA of INR 896,363.90. Their structured loan model allows customers to engage in a direct-to-consumer transaction approach, applying for solar loans online. This model features affordable equated monthly installments (EMIs) that are often lower than traditional electricity costs, fostering a transparent and competitive financing environment.Credit Fair plans to utilize its recent funding of USD 5 million raised in February 2025 to support the expansion of financing for rooftop solar installations. The company is focused on launching new products tailored for broader market segments and aims to increase its footprint in additional geographic regions within India. This strategic growth is aligned with the increasing demand for renewable energy solutions, creating opportunities for enhancing market penetration.

## Funding rounds

- Seed, Jul 9, 2022, $2M — Capital A, LC Nueva Capital, Sattva Ventures

## Investors

- Capital A — Seed
- LC Nueva Capital (https://capitalatlas.ai/funds/lc-nueva-capital) — Seed
- Sattva Ventures — Seed