en.Wedoany.com Reported - Sol Agora, a fintech company backed by Brookfield, announced that its fourth Receivables Investment Fund (FIDC) has completed a R$600 million fundraising. The capital will be used to finance the installation of 30,000 solar power plants for residential and small-to-medium enterprises in Brazil, and to support hybrid projects that include batteries.

This fundraising was fully subscribed by professional and institutional investors, the majority of whom had participated in previous rounds. With this, Sol Agora's total financing since 2022 has reached R$3 billion. The FIDC has an investment period of 18 months, with an average capital return period to investors of approximately four years.

Eduardo Solamone, Investor Relations Director at Sol Agora, stated: "The fourth fund represents the consolidation of our capacity to access high-quality credit. We entered this issuance with the track record of three funds, R$2.4 billion in financing, a growing client base, and AAA ratings on all senior shares of prior funds. This allowed us to reduce spreads and extend business terms, enhancing the competitiveness and attractiveness of credit for end customers. With this structure, we are ready to finance the energy transition for tens of thousands of Brazilian families in the future."

Since its inception, the fintech company has disbursed over R$2.2 billion in financing to more than 87,000 customers. The Sol Agora 4 FIDC operates under a co-management model between specialized trustees. Augme Capital serves as the independent co-manager, responsible for evaluating asset acquisition criteria and conditions and monitoring default indicators. Sol Tempus Capital, which is currently seeking qualification certification from the Brazilian Securities and Exchange Commission and the Brazilian Financial and Capital Markets Association, will be responsible for selecting the credit portfolio.

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