Utility Payments Startups in Africa
Overview Powered by AI
Utility payment platforms have struggled to gain traction in West Africa due to low smartphone penetration and unreliable internet infrastructure. Local businesses prefer traditional payment methods like cash and mobile money. BuyPower's recent exit highlights the challenges faced by this sector.
Cummulative Funding
$120K+
Total # of Companies
1
Total Deal Count
1
Total M&A Count
0
Total # of Investors
1
List of Utility Payments startups in Africa
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Founded
2016
Overview
BuyPower is a utility payment platform in Nigeria.
Last round
Seed
Total raised
$ 120,000
Employee
51-200