# Nithio Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nithio-holdings

- Industry: Software
- Headquarters: Washington, US
- Website: www.nithio.com
- Total disclosed funding: $7.1M
- Latest round: Series A (Apr 15, 2021)
- Investors on record: 4

## About

Nithio Holdings, Inc. is a US-based climate fintech firm that facilitates investments in clean energy solutions, focusing on capital allocation for enhancing climate resilience and energy access.Founded in 2018 in Washington, US, Nithio Holdings, Inc. specializes in providing financial services for climate-related investments. The company has engaged in seven different deals, with the most recent occurring on December 11, 2023. Nithio raised EUR 10 million in funding from the Danish Investment Fund (IFU). The company is co-founded by Bobby Pittman, Hela Cheikhrouhou, Kate Steel, and Queen Quinn, with Hela Cheikhrouhou currently serving as CEO.Nithio operates as a climate fintech platform, focusing on investments in clean energy companies. Its primary offering is the Risk Analytics Engine, which combines customer repayment data, geospatial data, and artificial intelligence for standardized credit risk assessments. This tool supports Nithio's investment management services, especially through the FAIR investment vehicle, providing risk-informed debt financing to clean energy enterprises. Nithio primarily serves underserved markets in Sub-Saharan Africa, aiming to enhance quality of life and financial inclusion.Nithio's revenue model centers around providing flexible debt financing to clean energy companies, partnering with investors for the FAIR investment vehicle. This model supports business-to-business transactions and direct engagement with clean energy providers, with tailored pricing plans that align with client needs in various markets.In December 2023, Nithio Holdings, Inc. secured EUR 10 million in venture funding, which will be allocated to expanding investments in solar home systems and power appliances for households and small enterprises. The company aims to enhance its product offerings and reach new geographic markets, particularly in underserved areas where access to clean energy solutions is critical.

## Funding rounds

- Series A, Apr 15, 2021, $7.1M — TPG, Powerhouse Ventures, Emerson Collective, Kupanda Capital
- Seed, Apr 4, 2018 — TPG, Kupanda Capital

## Investors

- TPG (https://capitalatlas.ai/funds/tpg) — Seed, Series A
- Kupanda Capital (https://capitalatlas.ai/funds/kupanda-capital) — Seed, Series A
- Powerhouse Ventures — Series A
- Emerson Collective — Series A