Izili Group Bags Qotto and $5M to Brighten West Africa
☀️ Qotto with Izili Group
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Izili Group is a Pan-African energy provider that brings off-grid solar and financial tools to rural communities.
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They’ve just acquired Qotto, another pay-as-you-go (PAYG) solar firm, who're active in Benin and Burkina Faso.
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Alongside the acquisition, Izili has secured a financing arrangement with the Off-Grid Energy Access Fund.
💡 Powering the Underserved
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Millions of homes in West Africa still don't have reliable electricity or basic banking.
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This lack of power and digital tools makes it much harder for local commerce to grow.
🛠️ Lowering the Bar for Power
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Qotto has already set up thousands of home systems and have a solid footprint in Benin and Burkina Faso.
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Their platform handles energy distribution and builds credit scores for people who don't have traditional bank accounts.
🚀 What’s Next?
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The acquisition will drive Izili's immediate move into more countries in West Africa.
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They targeting distribution of more than 170,000 solar solutions and over 120,000 digital products by 2028.