About Sunstone Credit
Sunstone Credit is a company based in Baltimore (United States) founded in 2021 by Mike D'Andrade and Sumbul Alvi.. Sunstone Credit has raised $24.5 million across 2 funding rounds from investors including Cross River, Greenbacker and Forbright. The company has 13 employees as of December 31, 2021. Sunstone Credit has completed 2 acquisitions, including ORKA Finance and Sunlight Financial. Sunstone Credit offers products and services including Commercial Solar Loans and Digital Application Process. Sunstone Credit operates in a competitive market with competitors including SolarCity, Sunnova, SolarSquare, Sunlight Financial and M Kopa, among others.
- Headquarter Baltimore, United States
- Employees 13 as on 31 Dec, 2021
- Founders Mike D'Andrade, Sumbul Alvi
-
Sectors
Financial ServicesEnergy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Sunstone Credit, Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$24.5 M (USD)
in 2 rounds
-
Latest Funding Round
$20 M (USD), Series A
Jan 31, 2023
-
Investors
Cross River
& 6 more
-
Employee Count
13
as on Dec 31, 2021
-
Investments & Acquisitions
ORKA Finance
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Sunstone Credit
Sunstone Credit offers a comprehensive portfolio of products and services, including Commercial Solar Loans and Digital Application Process. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Flexible loans for businesses to install solar systems
Online tool for efficient loan applications and approvals
Unlock access to complete
Funding Insights of Sunstone Credit
Sunstone Credit has successfully raised a total of $24.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $20.0M
-
First Round
First Round
(10 Feb 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series A - Sunstone Credit | Valuation | Earthshot Ventures , Grotech Ventures |
|
| Feb, 2022 | Amount | Seed - Sunstone Credit | Valuation | Forbright , Cross River |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sunstone Credit
Sunstone Credit has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Cross River, Greenbacker and Forbright. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital fund focused on impact-based startups
|
Founded Year | Domain | Location | |
|
Early-stage US tech startups are invested in by Grotech Ventures.
|
Founded Year | Domain | Location | |
|
Early Light Ventures is focused on supporting non-traditional founders.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Sunstone Credit
Sunstone Credit has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ORKA Finance and Sunlight Financial. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Commercial solar loan financing is provided for small businesses.
|
2020 | ||||
|
Loans for residential solar systems are financed for homeowners.
|
1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Sunstone Credit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sunstone Credit Comparisons
Competitors of Sunstone Credit
Sunstone Credit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SolarCity, Sunnova, SolarSquare, Sunlight Financial and M Kopa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar power systems are designed, financed, and installed for clients.
|
|
| domain | founded_year | HQ Location |
Solar services are provided to residential and commercial customers.
|
|
| domain | founded_year | HQ Location |
Provider of solar panel installation services
|
|
| domain | founded_year | HQ Location |
Loans for residential solar systems are financed for homeowners.
|
|
| domain | founded_year | HQ Location |
Affordable solar power is provided to households in Kenya.
|
|
| domain | founded_year | HQ Location |
Solar panel energy solutions are provided to enterprises.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Sunstone Credit
Frequently Asked Questions about Sunstone Credit
When was Sunstone Credit founded?
Sunstone Credit was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Sunstone Credit located?
Sunstone Credit is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Is Sunstone Credit a funded company?
Sunstone Credit is a funded company, having raised a total of $24.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.5M, raised on Feb 10, 2022.
How many employees does Sunstone Credit have?
As of Dec 31, 2021, the latest employee count at Sunstone Credit is 13.
What does Sunstone Credit do?
Sunstone Credit was established in 2021 in Baltimore, United States, by co-founders Mike DAndrade and Sumbul Alvi. Operations are centered on the development of solar and wind energy projects within the renewable energy sector. Services include project initiation and management, with a focus on sustainable power generation. The company operates primarily in the United States, supporting infrastructure for clean energy initiatives.
Who are the top competitors of Sunstone Credit?
What products or services does Sunstone Credit offer?
Sunstone Credit offers Commercial Solar Loans and Digital Application Process.
How many acquisitions has Sunstone Credit made?
Sunstone Credit has made 2 acquisitions, including ORKA Finance, and Sunlight Financial.
Who are Sunstone Credit's investors?
Sunstone Credit has 7 investors. Key investors include Cross River, Greenbacker, Forbright, University of Southern Maryland, and Earthshot Ventures.