About PayGo Energy
PayGo Energy is a company based in Nairobi (Kenya) founded in 2015 by Mark O'Keefe was acquired by Sun King in April 2023. PayGo Energy has raised $5.08 million across 6 funding rounds from investors including Sun King, USAID and Novastar Ventures. PayGo Energy offers products and services including Cylinder Smart Meter and Tag & Trace. PayGo Energy operates in a competitive market with competitors including Contract Natural Gas, Akinfos, Wanzhisheng Technology, Smartgas and Sisi IoT, among others.
- Headquarter Nairobi, Kenya
- Founders Mark O'Keefe
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Sectors
Energy & Utilities
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- Legal Name Paygo Energy Limited
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Products & Services of PayGo Energy
PayGo Energy offers a comprehensive portfolio of products and services, including Cylinder Smart Meter and Tag & Trace.
Provides pay-as-you-go LPG metering for safe and efficient cooking.
Offers digital tracking for LPG distribution and retail control.
People of PayGo Energy
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Funding Insights of PayGo Energy
PayGo Energy has successfully raised a total of $5.08M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $3.5 million completed in August 2018. 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.
Investors in PayGo Energy
PayGo Energy has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Sun King, USAID and Novastar Ventures.
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Global Partnerships is focused on impact-first investments for poverty alleviation.
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Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital.
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Investor details for PayGo Energy
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Investments & Acquisitions by PayGo Energy
Investment portfolio details for PayGo Energy
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Financial Statements - PayGo Energy
Detailed financials for PayGo Energy
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Paygo Energy Comparisons
Peer comparison for PayGo Energy
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Competitors of PayGo Energy
PayGo Energy 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 Contract Natural Gas, Akinfos, Wanzhisheng Technology, Smartgas and Sisi IoT, among others.
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Provider of automatic meter reading and smart metering solutions for CNG
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Develops smart metering devices and gateway solutions.
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Provider of IoT-based remote energy monitoring solutions
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App-based gas monitoring solutions are provided for users.
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Provides comprehensive IoT-based solutions for device management and asset tracking.
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Detailed competitors of PayGo Energy
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Latest news on Paygo Energy
Complete news archive for PayGo Energy
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Frequently Asked Questions about PayGo Energy
PayGo Energy was founded in 2015 and raised its 1st funding round 1 year after it was founded.
PayGo Energy is headquartered in Nairobi, Kenya.
PayGo Energy is a funded company, having raised a total of $5.08M across 6 funding rounds to date.
PayGo Energy was founded in 2015 in Nairobi, Kenya. Solutions for natural gas distribution and monitoring are offered in the energy sector. A platform supports pay-as-you-go activities, with gas cylinders connected for real-time level tracking and consumption calculation via smart meters. Valves are automatically closed when usage exceeds credit limits. Suppliers are enabled to locate near-empty cylinders for timely refills.
PayGo Energy's top competitors include Contract Natural Gas, Smartgas and Wanzhisheng Technology.
PayGo Energy offers Cylinder Smart Meter and Tag & Trace.
PayGo Energy has 7 investors. Key investors include Sun King, USAID, Novastar Ventures, Global Partnerships, and Village Capital.