PEG Africa
Company

Last deal

$4M

Amount

Debt Financing

Stage

17.10.2019

Date

3

all rounds

$41.5M

Total amount

date founded

Financing round

General

About Company
PEG provides financing for solar home systems in West Africa.

Related to

PEG

PEG

PEG is an asset financing company that provides solar energy products to off-grid customers in West Africa.

Sector

Alternative Energy

Subsector

Renewable Energy Equipment

Keywords

Solar, Renewable Energy, Energy

Location

Accra, Ghana

total rounds

10

total raised

$56.5M

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

PEG is a consumer asset-financing institution that offers loans for solar home systems and other assets to off-grid households in West Africa. Their pay-as-you-go financing approach allows customers to replace their perpetual spending on poor-quality polluting fuels, such as kerosene, with solar energy that becomes an asset to the customer. By providing financing for life-changing and useful products, such as solar home systems, PEG is helping to improve the quality of life for households in West Africa.
Contacts

Phone number

Social url

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18
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PEG is an asset financing company that provides solar energy products to off-grid customers in West Africa.

Sector

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Subsector

Renewable Energy Equipment

Keywords

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Location

Accra, Ghana

total rounds

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total raised

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M&A Details
1

Transaction name

Acquired by

BBOXX

announced date

27.04.2022

price

$200M

Financials

Funding Rounds
6
3

Number of Funding Rounds

$41.5M

Money Raised

Their latest funding was raised on 17.10.2019. Their latest investor British International Investment. Their latest round Debt Financing

Date 
Funding Round 
Investors 
Money Raised 
Lead 
British International Investment

British International Investment

British International Investment is a UK Government-backed development finance institution and impact investor.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Finance, Business Development

Location

London, UK

count Of Investments

219

count Of Exists

1
Electrification Financing Initiative

Electrification Financing Initiative

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Sector

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Subsector

Alternative Electricity

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Co-Investors
Investors
12
3

Number of lead investors

12

Number of investors

Investor 
Lead 
Round 
Partners 
No
Series A, Series C
No
Series A, Series C
British International Investment

British International Investment

British International Investment is a UK Government-backed development finance institution and impact investor.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Finance, Business Development

Location

London, UK

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count Of Exists

1
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Subsector

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Subsector

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count Of Exists

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People

Founders
2
Nate Heller
Nate Heller

Nate Heller

Nate Heller is the Co-Founder and Group COO at PEGAfrica. Nate Heller attended Yale School of Management.

current job

PEG Africa
PEG Africa

organization founded

2

Nate Heller

Hugh Whalan
Hugh Whalan

Hugh Whalan

Hugh is the CEO of PEG, which is a fast growing 1000 person social enterprise operating in 3 West African countries. PEG provides pay-as-you-go financing for useful and productive assets (like solar home systems) to off-grid households earning $5-$10 per day.

current job

PEG
PEG

organization founded

3

Hugh Whalan

Employee Profiles
3
Nate Heller

Nate Heller

Co-Founder and Group COO

Hugh Whalan

Hugh Whalan

Group CEO and Founder

Gilles Marit

Gilles Marit

CFO and MD

Activity

Recent News
0