BlackSoil buys Credit Fair's solar financing business
09 Jul 2026, 02:44 PMUnder the agreement, BlackSoil will absorb the entire solar financing vertical, including its leadership team, technology stack, brand assets and operational framework.
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Alternative credit-focused firm BlackSoil has taken over the solar financing business of fintech lender Credit Fair.
Under the agreement, BlackSoil will absorb the entire solar financing vertical, including its leadership team, technology stack, brand assets and operational framework. Financial details of the transaction were not disclosed.
The acquired business currently oversees a loan portfolio of Rs 152.6 crore, giving BlackSoil immediate access to a platform focused on funding residential rooftop solar installations and solar adoption among MSMEs.
Established in 2018, Credit Fair follows a B2B2C lending approach and has facilitated more than 3.5 lakh loans across 20-plus states. The company has disbursed over Rs 1,300 crore and has built partnerships with major solar ecosystem players such as Tata Power, Waaree, SolarSquare, UTL Solar, Livguard, Navitas and Adani Solar.
BlackSoil said the transaction enhances its footprint in the renewable energy financing ecosystem by leveraging an established partner-driven distribution network. The firm intends to collaborate closely with solar installers while extending financing options directly to end customers.
Founded in 2016, BlackSoil operates both an RBI-registered NBFC and a SEBI-registered AIF. The company manages assets of nearly $275 million and provides funding solutions to startups, MSMEs and growth-stage businesses.
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