South African blockchain peer-to-peer renewable energy platform Sun Exchange obtained a $3 million investment from Arch Emerging Markets Partners, thereby closing its $4 million Series-A funding round, according to a statement issued Monday.
Sun Exchange allows international clients to buy remotely-located solar cells — either with Bitcoin (BTC) or South African rand — and then lease them to power businesses and organizations in emerging markets. Abe Cambridge, the startup’s founder and CEO, told Cointelegraph: