Meet the founder who turned down $1.5 million — and built one of Africa’s fastest-growing companies two years in a row
Many startups chase big cheques to fuel their growth, however Tonye Irims, CEO of Wisolar, took a various route. He declined a $1.5 million funding offer. Despite that, the South African solar company has continued to rise, making recognition as one of Africa’s fastest-growing companies for two successive years.
Tonye Irims, CEO of WiSolar, declined a $1.5 million financing offer to preserve his business’s values. WiSolar offers digital solar solutions utilizing a pay-as-you-go model in South Africa and Nigeria. The business secured $9 million revolving credit to expand its climate initiative in Nigeria.
DON’T MISS THIS: I stopped my job to make it through, turns out I was starting my genuine journey into entrepreneurship
A fresh take on solar power
WiSolar is a digital solar company that lets individuals in South Africa and Nigeria pay for solar power as they utilize it.
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WiSolar Growing versus the chances
Tonye Irims, CEO of WiSolar, decreased a $1.5 million funding deal to maintain his company’s values. WiSolar supplies digital solar options utilizing a pay-as-you-go model in South Africa and Nigeria. The business secured $9 million revolving credit to expand its climate initiative in Nigeria. South Africa, where Irims launched WiSolar, was in the thick of an energy crisis.
DON’T MISS THIS: I stopped my task to endure, turns out I was starting my real journey into entrepreneurship
A fresh take on solar power
WiSolar is a digital solar business that lets people in South Africa and Nigeria pay for solar power as they use it. In 2023, WiSolar got a huge offer, a $1.5 million loan from South Africa’s Industrial Development Corporation (IDC).
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WiSolar Growing against the odds
Walking away from that IDC offer didn’t stop WiSolar.
