Okapi Technologies, a Malaysia-based fintech startup in the solar financing space, has announced raising fresh funds in a round anchored by early-stage investor The Radical Fund.
Angel investors, including Lai Chang Wen and Shaun Chong, co-founders of regional logistics unicorn Ninja Van, joined the round. Financial details of the round remain undisclosed.
With the funding windfall, Okapi officially launched in Malaysia by targeting the residential solar sector. The startup seeks to make affordable residential solar energy accessible to homeowners in Malaysia and Southeast Asia.
The firm’s proprietary platform connects clean energy investors with solar dealers, installers, and engineering, procurement, and construction (EPCs) nationwide via an embedded financing and project management solution.
Okapi, founded by Lai Zhern Yung and Christopher Kwong, said its instant approval financing product allows partner installers to obtain immediate credit decisions for residential customers via an online portal.
The startup targets to fund the installation of 100 residential solar energy systems per month by the first quarter of 2025.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has put together a table listing prominent venture capital transactions in Southeast Asia for the week starting June 24, 2024.
