Refy is a Singapore-based fintech financier focused on opening up funding for small- and mid-sized commercial and industrial (C&I) green assets. Its core product combines flexible, asset-tailored financing solutions with an AI-enabled technology platform to speed due diligence and project evaluation for rooftop solar, wastewater treatment, and EV charging projects. The company plans to use its newly raised pre-seed capital to build the technical platform, run secured pilot projects, and assemble a specialist team with industrial project and green-asset expertise. Refy is initially targeting a roughly $200 billion C&I green-asset market in Southeast Asia, focusing first on Malaysia, the Philippines, and Vietnam before expanding across the region. Over the next ten years the firm aims to enable deployment of $70 billion in green assets, generate $100 million in revenue, and mitigate 100 million tons of CO2 emissions. The company positions itself to increase bankability and provide investors access to exclusive deal flow in the underfinanced C&I segment.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2024