Refy
A flexible financing solution to support green project developers, that integrates private credit, blended finance and advisory, and leverages scalable technologies to accelerate Asset-as-a-Service.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $525k | Seed | |
| Total Funding | 000k | ||
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Refy, operating as RefyCap, is a financial technology company established in Singapore in 2023 by founder and CEO Ed Chin. The firm is strategically positioned to address a significant financing gap within the burgeoning green economy of Southeast Asia. Its core mission is to facilitate the financing and deployment of small- to mid-sized green assets, a market segment estimated at over $200 billion in the region.
The company operates an online lending platform that connects project developers with sources of capital, enabling the funding of green projects that are often overlooked by larger financial institutions. Refy targets the commercial and industrial sectors, providing tailored financing for assets such as rooftop solar systems, wastewater treatment units, and electric vehicle (EV) charging infrastructure. This focus allows the company to support developers who find obtaining capital for projects in the $500,000 to $5 million range to be a primary bottleneck. The business model is designed to de-risk these smaller-scale projects for investors, making them more bankable.
Refy's platform leverages artificial intelligence to enhance and streamline the due diligence and project evaluation processes. For investors, the platform provides access to a curated marketplace of renewable energy projects in the Asia-Pacific region, which have traditionally been accessible only to large institutions. It offers features like AI-powered analytics, interactive dialogues for understanding project economics, and real-time tracking of financial returns and environmental impact, such as CO2 emissions avoided. For project developers, Refy provides flexible financing solutions, support in preparing for investor due diligence, and tools to navigate complex contracts. In February 2024, Refy secured $525,000 in a pre-seed funding round from Wavemaker Impact, which is aimed at accelerating the deployment of these green assets.
Keywords: green financing, renewable energy investment, fintech, project finance, sustainable infrastructure, asset financing, Southeast Asia market, impact investing, climate tech, online lending platform, due diligence automation, AI analytics, commercial and industrial solar, EV infrastructure funding, water treatment projects, accredited investors, blended finance, project bankability, decarbonization, sustainable development