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May 2026A temporary AEDC service disruption was publicly announced as resolved, with transactions restored to normal.
SourceModern bill payment platform for African businesses and consumers.
Company research
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
Overview
BuyPower is a fintech/utility payments platform focused on electricity token vending and broader bill-payment services for consumers, merchants, and businesses. Public sources put its founding year at 2016, though some third-party databases list 2015, and they also disagree on HQ (Sunnyvale, California vs. Abuja, Nigeria).
Primary product
Electricity bill/token payment platform
Founded
2016
Headquarters
Sunnyvale, California, United States; some directories also cite Abuja, Nigeria
Team size
90-100
Work style
Onsite
Industry
Financial Services
Sub-industry
Payments / utility bill payments
Offices
Sunnyvale, California, United States
Abuja, Federal Capital Territory, Nigeria
Crest Plaza, 1st Avenue, Gwarimpa, Abuja, Nigeria
Business model
consumer utility payments
merchant/vending platform
B2B payments and invoicing
wallet/remittance services
data/airtime/cable top-ups
energy-data service for lenders
Funding
Stage
Pre-seed
Total raised
$120K
Latest round
Pre-Seed · Mar 2017
Latest amount
$120K
Mar 2017 · Y Combinator
People & investors
Leadership
Founder & CEO
Co-Founder & COO
Chief Financial Officer
Lead Engineer / Engineering Manager
Head, Legal & Compliance
Head of Product
Head of Revenue
Investors
Work & culture
Mission-driven, customer-centric, and impact-oriented; public postings emphasize a team building products that matter, with smart and polite colleagues and a fast-moving environment focused on reliable bill payments and customer support.
Work style
Onsite
Compensation
Public signals are mixed: review snippets show compensation sentiment around 2.3/5, while job ads advertise competitive compensation, merit-based advancement, free lunch, health insurance, bonuses, and other perks; one salary site shows a low average for a customer-service role, so compensation likely varies significantly by function.
Benefits
competitive compensation
merit-based advancement
free lunch
health insurance
paid annual leave
data allowance
performance bonus
comfortable workspace
access to mentorship from tech experts
Product & market
Pricing
Transaction-fee / take-rate model on electricity purchases; TechCrunch described a percentage of each purchase plus a fixed per-transaction fee on electricity payments.
Differentiators
- —24/7 electricity token delivery
- —multi-rail payments (card, USSD, bank transfer, loan)
- —coverage of 9 Nigerian DISCOs
- —merchant program and merchant app
- —14-day token loan option
- —meter verification / address verification
- —proprietary Energy Data Service for lenders
- —instant token delivery and in-app wallet
Technology
AWS Lambda
Python
Java
JavaScript
PHP
TypeScript
Node.js
Flutter
Dart
Objective-C
Kubernetes
Docker
MySQL
PostgreSQL
MongoDB
Redis
React
Laravel
Google Cloud Platform
Linux
Customers
individual consumers
households with prepaid or postpaid meters
SMBs and African businesses
merchants
utilities / DISCOs
lenders
international vendors
Competitors
PowerSecure
GridX
Uplight
Tantalus
Landis+Gyr
Amberflo
Scale & contact
Estimated revenue
~$20M-$40M estimated by public third-party sources, though estimates vary widely; GetLatka is around $20.6M and Growjo around $38.3M.
Estimated monthly visits
54.5K
Traffic estimate as of Feb 2026
Signals & risks
Latest news
BuyPower LinkedIn · May 2026
A temporary AEDC service disruption was resolved and customers were told transactions could again be completed normally.
BuyPower blog · May 2026
Explains how tariff reviews affect customers while noting the token-purchase flow stays the same, transactions remain transparent, and BuyPower continues to emphasize fast delivery and secure payments.
BuyPower blog · Nov 2024
Announced a Verve promotion offering up to ₦1,000 extra electricity units for purchases of at least ₦10,000 made with a Verve card, valid Thursday through Sunday.
BuyPower blog · Sep 2024
Outlined merchant-app upgrades including meter-band transparency, debt visibility, Bluetooth printing, iOS support, dark mode, MFB wallet funding, live chat, and daily sales tracking.
BuyPower blog · Nov 2023
Announced the expansion from electricity into data, airtime, cable TV subscriptions, and an in-app wallet for referrals and pending transactions.
Jobs and careers at BuyPower
0 jobs at BuyPower
No open positions
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