Metafin
Metafin Cleantech Finance is an India-based RBI-registered NBFC providing solar loans to rural MSMEs and households across six Indian states. It operates through a 700+ installer partner network to finance the replacement of diesel energy with affordable solar power.
- Company typePrivate
- Founded2018
- HeadquartersParel, India
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Metafin does
Metafin Cleantech Finance Private Limited is an India-based, RBI-registered Non-Banking Financial Company (NBFC) founded in 2018 that provides solar asset financing to rural micro, small and medium enterprises (MSMEs) and households. The company is headquartered in Mumbai (registered office) with operational headquarters in Gurgaon, and operates across six Indian states: Uttar Pradesh, Bihar, Odisha, Jharkhand, Chhattisgarh, and Madhya Pradesh. As of the most recent disclosures, Metafin has cumulatively financed 6,500+ solar projects across 4,000+ villages, displacing approximately 11 million litres of diesel and offsetting 32 million kg of CO2 emissions.
The company's core product is a solar financing platform that combines loan underwriting, risk management tooling, and a referral partnership network of 700+ local solar installers and EPCs. Customer acquisition and loan origination flow through these installer partners, who facilitate applications and project execution on the ground; the platform's stated differentiator is fast loan approvals and ease of implementation for installers, which in turn helps them close sales. Metafin also prioritizes Priority Sector Lending (PSL) categories and women borrowers as part of its underwriting mandate.
Metafin generates revenue primarily through interest income on its solar loan portfolio, charging borrowers 18-25% per annum on a reducing-balance basis, with rates determined by cost of funds, margin, risk premium, tenor, transaction complexity, and creditworthiness. Its capital stack is sourced from a diversified mix of equity (Vertex Ventures Southeast Asia and India, Prime Venture Partners, 100Unicorns, Venture Catalysts, Varanium), structured debt (Lendable LTEF), and institutional/development finance partners (IFC, Rockefeller Foundation, SBI, Northern Arc, AU Bank, MAS Financial, Innoven Capital, Alteria). Total cumulative disclosed capital raised is approximately $25 million plus structured debt facilities, with the company actively operating and pursuing geographic expansion as of the most recent reporting.
Metafin firmographics
Firmographics- Name
- Metafin
- Legal name
- Metafin Cleantech Finance Private Limited
- Website
- https://metafin.in
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Metafin Cleantech Finance is an India-based RBI-registered NBFC providing solar loans to rural MSMEs and households across six Indian states. It operates through a 700+ installer partner network to finance the replacement of diesel energy with affordable solar power.
- Ownership category
- akta.pro rank
Metafin industry classification
Industry- Product category
- Clean Energy Lending
- NAICS
- Nondepository Credit Intermediation (5222)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Climate Finance Strategy (CapEx planning, green finance, incentives & grants) (EUABAKAG)
Keywords
Where Metafin is headquartered
LocationHeadquarters
- HQ city
- Parel
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Metafin business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Solar Loan Interest Income: As an NBFC, Metafin generates revenue through interest income on solar loans provided to rural MSMEs and households. The interest rate model takes into account cost of funds, margin, and risk premium, with rates ranging from 18% to 25% p.a. on a reducing balance basis.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Interest rate range for solar loans |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Metafin product offering
Product offeringCore offering
Metafin (Metafin Cleantech Finance Private Limited) is an RBI-registered non-banking financial company (NBFC) that provides solar financing loans to rural MSMEs and households across India. Through a network of over 700 trusted local installers/EPCs, the company enables customers to replace expensive diesel-based energy with affordable solar power solutions, charging interest rates ranging from 18% to 25% p.a. on a reducing balance basis.
Product overview
Metafin operates as a single unified solar financing platform (NBFC) offering solar loans to rural MSMEs and households across India. The platform combines tailored financing, high-quality service, and fast payback for seamless solar adoption, working through a network of 700+ local installers to enable customers to replace expensive diesel with reliable solar power.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Financing Platform (Solar Loans) A solar financing product offered through Metafin's NBFC platform that provides affordable loans (interest rates of 18-25% p.a. on a reducing balance basis) to rural MSMEs and households across India, enabling them to transition from expensive diesel-based energy to solar power solutions. Loans are facilitated through a network of 700+ local installer partners who provide swift loan approvals and project execution support.
Quantifiable outcome
- 11 million litres of diesel displaced
- +3 more outcomes
Companies that use Metafin
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Metafin technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Metafin partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Harvard Innovation LabsminorAcademic institution partner providing innovation ecosystem support.
Scale indicators7 records
Recent moves5 records
Expansion highlights5 records
Metafin competitors and assessment
Company assessmentDirect peers
- Mufin Green Finance: Mufin Green Finance is an Indian NBFC that finances EVs, solar pumps, and other clean-energy assets for underserved borrowers. Directly comparable to Metafin in business model (NBFC green lending) and target segment (rural/semi-urban Indian MSMEs and consumers).
- Sun King (Greenlight Planet): Sun King sells pay-as-you-go solar home systems across rural Africa and India, embedding consumer credit into distribution. Comparable to Metafin in offering off-grid solar financing to rural households, though its credit is provider-financed rather than through an Indian NBFC structure.
- d.light: d.light provides pay-as-you-go solar products to off-grid households in emerging markets with embedded consumer financing. Comparable to Metafin in combining solar hardware with consumer credit, though d.light is asset-financed and operates more across Africa.
Emerging players
- Fourth Partner Energy: Fourth Partner Energy finances and operates distributed solar assets for commercial and institutional customers in India. Comparable in the broader rural/India clean-energy finance theme but focused on C&I customers rather than MSME/consumer lending.
- Avaada Energy: Avaada Energy is an Indian renewable energy developer with a financing arm for solar projects. Comparable as an India-focused cleantech financier, though primarily utility-scale rather than rural retail lending.
- Ecozen Solutions: Ecozen provides solar-powered cold-chain and irrigation solutions to Indian rural businesses, often with embedded financing partners. Comparable in addressing the rural productive-use solar segment Metafin targets.
- Freyr Energy: Freyr Energy is an Indian rooftop solar installer serving rural and small commercial customers. Adjacent peer — overlaps with Metafin's installer/EPC ecosystem and rural customer base but without a captive financing arm.
Broad incumbents
- Tata Capital (Clean Energy Finance): Tata Capital is a large Indian NBFC with clean-energy and solar loan offerings across consumer and MSME segments. Comparable in being an India-based lender to solar/cleantech assets, though much larger and broader in product scope.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Metafin social profiles
Digital presenceMetafin compliance and trust
Trust signalCompliance3 records
Metafin financial estimates
Financial estimateRevenue estimate
Valuation estimate
Metafin leadership team
Management profileNumber of profiles
Metafin funding detail
Funding detailFunding overview
Funding rounds7 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Metafin M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Metafin
What does Metafin do?
Metafin (Metafin Cleantech Finance Private Limited) is an RBI-registered non-banking financial company (NBFC) that provides solar financing loans to rural MSMEs and households across India. Through a network of over 700 trusted local installers/EPCs, the company enables customers to replace expensive diesel-based energy with affordable solar power solutions, charging interest rates ranging from 18% to 25% p.a. on a reducing balance basis.
Is Metafin a public or private company?
Metafin is a private company. It is classified as venture growth investor backed and is currently operating.
When was Metafin founded?
Metafin was founded in 2018. It employs 51 to 100 people.
Where is Metafin based?
Metafin is headquartered in Parel, India, in the Asia region.
How does Metafin make money?
One revenue line is on record: solar Loan Interest Income.
Who are Metafin's main competitors?
Direct peers on record are Mufin Green Finance, Sun King (Greenlight Planet) and d.light. Emerging players are Fourth Partner Energy, Avaada Energy, Ecozen Solutions and Freyr Energy. Tata Capital (Clean Energy Finance) is listed as a broad incumbent.
Does Metafin have an API?
No public API is recorded for Metafin.
What industry is Metafin in?
Metafin's product category is Clean Energy Lending. Its primary akta.pro industry code is EUABAKAG, Climate Finance Strategy (CapEx planning, green finance, incentives & grants). Its NAICS code is 5222 and its SIC code is 6153.