With capital heavily concentrated in a handful of giants, Nithio’s FUEL vehicle aims to widen the financing pipeline for charging networks and fleet operators.
The startup says the funding will accelerate product development and customer acquisition as it prepares to meet growing demand for flexible, decentralised energy infrastructure.
The Cairo-based fintech plans to deepen its technology stack, expand regionally, and build out fuel and maintenance infrastructure for commercial fleets.
Zafiri will serve as a blended finance vehicle — meaning it uses a mix of concessional (low-cost) and commercial capital — to help de-risk investments in companies delivering DRE solutions.
With capital heavily concentrated in a handful of giants, Nithio’s FUEL vehicle aims to widen the financing pipeline for charging networks and fleet operators.
Although disputed claims represent less than 3.5% of lifetime originations, one lawsuit for every 15 active borrowers highlights the legal and administrative costs of enforcing unsecured loans in high-inflation markets.
