25 Apr '16, 6am

The Sun Exchange crowdfunds solar projects with #bitcoin

The Sun Exchange crowdfunds solar projects with #bitcoin

South African startup The Sun Exchange is on the lookout for funding as it looks to scale up its innovative marketplace that crowdfunds small-scale solar projects using digital currencies such as bitcoin. Launched towards the end of the last year on the back of its own successful crowdfunding campaigns, The Sun Exchange is a peer-to-peer lending platform that connects people wanting to invest in solar energy with projects. Founder Abraham Cambridge said the startup was establishing itself as a middleman between potential funders and projects, using bitcoin as a way of making effective remittances. “It allows us to frictionless cross-border payments. And we can also break down the payments into tiny increments. We can do micro-investing,” he told Disrupt Africa. The Sun Exchange, which has completed a pilot project in South Africa and will shortly be moving on to others acr...

Full article: http://disrupt-africa.com/2016/04/sas-the-sun-exchange-cr...

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