PayGo Energy (PayGo) is a Nairobi-based technology company on a mission to Unlock Clean Cooking for the Next Billion. PayGo’s technology alleviates key cost constraints that cause reliance on dirty fuels amongst low-income households in the developing world. PayGo’s core innovation is a smart meter that attaches to a LPG cylinder, together with a business model that is adjusted to the needs of low-income consumers. PayGo’s patented Cylinder Smart Meter measures gas by the gram and integrates with mobile money, enabling customers to pay for LPG in any amount.
GIF’s debt and equity investment of up to $816,000 in PayGo Energy has been used for hardware and software development, hardware manufacturing, marketing, sales, operations and working capital.
Expansion into priority markets in Sub-Saharan Africa and Asia; hardware value engineering; global partnerships and meter deployment.
Since GIF’s initial investment, PayGo has proven key hypotheses fundamental to its business model: