Kenya’s PayGo Energy raises $1.43m funding round

PayGo Energy allows households to cook on clean burning Liquefied Petroleum Gas (LPG) and uses pay-as-you-go technology to allow customers to purchase the system over time via mobile money.

The funding round involves investors such as Novastar Ventures, Energy Access Ventures, Village Capital, Global Innovation Fund, and Global Partnerships/Eleos Social Venture Fund.

The investment will finance the expansion of PayGo Energy’s customer base in Nairobi, the development of its software platform and next generation smart meter, and the growth of its team.

Read more here: