#Africa SA solar leasing marketplace Sun Exchange raises $1m via ICO


South African solar leasing marketplace Sun Exchange has raised US$1 million from sales of its SUNEX digital rewards token, some way short of its original target of US$5.4 million.

Sun Exchange is a buy-to-lease solar marketplace that leverages cryptocurrency to allow users across the world to buy into solar projects and receive income from the power generated by the projects.

The startup has built a global community of over 14,000 members across 130 countries, and introduced SUNEX, its own digital rewards token, in April of last year with the goal of raising US$5.4 million.

The initial coin offering (ICO) has now come to an end, with Sun Exchange ultimately allocating 28,485,478 SUNEX tokens, the equivalent of US$1,068,205. The startup thanked everyone who had participated in the sale, and said the failure to meet the original target was related to “increasingly challenging ICO market conditions.”

It did, however, say it had gained great exposure as a result of the ICO and built its user base further. Sun Exchange will now continue to raise funding via more traditional means, having last secured equity investment in October. It will also leverage partnerships such as that it has with Powerhive in Kenya to pre-finance solar projects, as it is unable to do so through token sale proceeds as it had originally hoped.

The post SA solar leasing marketplace Sun Exchange raises $1m via ICO appeared first on Disrupt Africa.

from Disrupt Africa http://bit.ly/2S3ZgNB

Ce contenu a été publié dans #Africa par Startup365. Mettez-le en favori avec son permalien.

A propos Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !