Finergi

What Finergi does

Finergi (legal name Finergi Global FZCO, formerly Moringa-Tech) is a Dubai-headquartered fintech operating across Africa with planned expansion into Asia and Latin America. The company builds intelligent credit infrastructure for prepaid utility meters, enabling consumers without bank accounts or credit histories to access electricity, water, and gas on micro-credit. Its core product, the FinergiNow Electricity Advance Service, allows end-users to request a prepaid electricity token advance via USSD, mobile app, or WhatsApp; Finergi pre-purchases the power, and repayment plus a service fee is automatically deducted from the user's next recharge, with no manual intervention.

The underlying technology is a patented Utility Vending, Payments and Debt Collateralisation System (WO2022123392A1) that effectively turns any prepaid meter — smart or legacy — into a digital wallet. The platform integrates as a secure on-premise extension of existing utility vending systems (STS, CRM, USSD, or WhatsApp) without requiring new infrastructure, capital expenditure, or operational expenditure from utility partners. Predictive data models underwrite previously unbanked consumers based on transaction-level utility payment history.

Finergi operates a B2B2C distribution model. It partners with utility providers, mobile money operators, and financial platforms, embedding the credit solution within their prepaid metering infrastructure. Revenue is transaction-based: Finergi charges a transparent service fee on each credit advance and shares a fixed revenue with utility partners on every transaction, while Finergi assumes the credit risk and pre-funds all advances. In March 2026, the company was acquired by JSE-listed Optasia for $30 million upfront plus up to $10 million in contingent earn-out, positioning Finergi as Optasia's entry point into the prepaid electricity credit market alongside its existing airtime lending business.

Name

Finergi

Legal name

Finergi Global FZCO

Website

https://www.finergi.com

Company type

Private

Operating status

Acquired

Headcount range

11–50 employees

Short description

Finergi is a Dubai-based fintech that enables real-time micro-credit access via prepaid electricity, water, and gas meters, serving underbanked consumers across Africa through B2B2C partnerships with utility providers, mobile money operators, and governments.

Ownership category

akta.pro rank

Product category

Embedded Utility Credit Infrastructure

NAICS

Sales Financing (52222), Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Prepay Metering & Customer Payment Solutions (EUADAFAL)

akta.pro secondary industries

Issuer/Network-Led Installments (Card-Based Pay-Over-Time) (FSAGAIAB), Credit & Overdraft Enablement (Credit Lines, Underwriting Integrations) (FSAGAAAJ), Credit Score Monitoring & Credit Building (FSAGADAE)

Keywords

• Prepaid electricity credit
• Embedded fintech platform
• Micro-lending infrastructure
• Utility payment systems
• Energy access finance

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction-based Service Fees: Finergi charges a transparent service fee on credit advances issued to consumers. Utilities earn a fixed revenue share on every transaction while Finergi assumes credit risk and pre-funds all advances.
2. Interest/Micro-credit Income: Revenue generated from offering instant electricity, water, and gas advances to consumers with no credit history. Repayment is automatically deducted from future recharges.
3. Acquisition-based Growth: Initial $30 million upfront consideration from Optasia acquisition plus up to $10 million contingent earn-out tied to performance milestones.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels2 records

Core offering

Finergi provides intelligent credit infrastructure that turns prepaid electricity, water, and gas meters into digital wallets, enabling real-time micro-lending of utility token advances to consumers with no credit history or bank account. End-users request credit via USSD, mobile apps, or WhatsApp; Finergi issues the token and pre-funds the power, while repayment is automatically deducted from the consumer's next recharge. The platform is embedded within utility providers' existing vending infrastructure at zero CAPEX or OPEX, with Finergi assuming full credit risk.

Product overview

Finergi is a fintech platform that evolved from Moringa-Tech, providing intelligent credit infrastructure for prepaid utility meters across Africa and globally. The core offering is the FinergiNow Electricity Advance Service, which enables real-time micro-lending through prepaid electricity meters functioning as digital wallets. The platform is powered by a patented Utility Vending, Payments and Debt Collateralisation System that allows credit-based token vending linked directly to users' meters, with automated repayment deducted from future recharges. Beyond electricity, the platform extends to water and gas credit services. Users access advances via USSD, mobile apps, and WhatsApp, with no CAPEX or OPEX required from utility partners.

Differentiator

Problem solved

Functional benefit

Products and services

• FinergiNow Electricity Advance Service Patented micro-lending service that issues prepaid electricity token advances to consumers via USSD, mobile app, or WhatsApp. Repayment plus a transparent service fee is automatically deducted from the consumer's next recharge. Works on any prepaid meter (smart or legacy) and is delivered free of charge to end-users.
• Finergi Platform Intelligent credit infrastructure for the electricity meter that integrates as a secure, on-site extension of existing utility vending systems with no external exposure. Plug-and-play architecture compatible with STS, CRM, USSD, or WhatsApp systems, deployed at zero CAPEX or OPEX to the utility partner.
• Utility Vending, Payments and Debt Collateralisation System Patented world-first platform (WO2022123392A1) that turns utility meters into digital wallets, enabling real-time micro-lending for electricity, water, and gas advances to consumers with no credit history and no bank account, with automated repayment deducted from future recharges.
• Water Credit Service Micro-credit advances for prepaid water metering, extending the same credit infrastructure and automated repayment model used in electricity to water utilities and their end-users.
• Gas Credit Service Micro-credit advances for prepaid gas metering, enabling clean cooking and heating through the same trusted, automated repayment model applied to electricity and water.

Quantifiable outcome

• 250 million prepaid meters globally by 2027
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Four partnerships are on record, tiered core and strategic.

• OptasiacoreStrategic or Co-development Partner · 16 March 2026JSE-listed AI-powered financial infrastructure platform acquiring Finergi for $30M upfront plus up to $10M contingent earn-out. The acquisition positions Optasia in the prepaid electricity market, complementing its existing airtime lending business and providing access to energy-distribution ecosystems. Finergi's technology enables consumers to purchase electricity on credit via prepaid meters functioning as digital wallets.
• Prepaid Infrastructure ProviderscoreTechnology or IntegrationFinergi's platform is guaranteed by leading prepaid infrastructure providers and integrates as a secure extension of existing vending systems. All services are hosted on-site within utility premises ensuring no external exposure.
• Utility ProviderscoreChannel Partner/ Reseller/ DistributorFinergi partners with electricity, water, and gas utility providers to embed credit infrastructure within prepaid metering systems. Utilities earn fixed revenue share on every transaction with no CAPEX or OPEX required. Finergi assumes credit risk while providing full marketing, access channels, and customer support.
• Financial Platforms and Mobile Money OperatorsstrategicStrategic or Co-development PartnerFinergi works hand-in-hand with financial platforms and mobile money operators to embed its solution within existing systems, enabling expanded financial product access for unbanked populations.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Carbon (formerly Paylater): Carbon provides digital lending and credit products to underbanked consumers in Nigeria and other African markets. Overlaps with Finergi on emerging-market consumer credit but lacks the prepaid utility collateral architecture.
• Branch International: Branch offers mobile-first micro-loans to underbanked individuals across Africa and other emerging markets. Comparable as a digital lender serving the same unbanked demographic, but without Finergi's utility-meter collateral mechanism.
• Tala: Tala provides mobile-based micro-loans to underbanked consumers in emerging markets (Kenya, Philippines, Mexico, India) using alternative credit scoring. Comparable to Finergi's credit-for-unbanked mission but lends against mobile data rather than utility recharges.

Broad incumbents

• Optasia: JSE-listed AI-powered financial infrastructure platform that acquired Finergi for $30M in March 2026. Operates OptasiaNow in airtime/data lending with the same transaction-fee micro-credit model, making Optasia the closest parent-and-platform peer.
• Safaricom (M-Pesa): Safaricom's M-Pesa is the dominant mobile money platform in Kenya and a natural channel partner for Finergi. Provides Fuliza (overdraft/credit) and could in theory launch competing prepaid-utility credit products at scale, making it both a partner and a competitive threat.

Direct peers

• Sun King (formerly Greenlight Planet): Sun King sells PAYG solar home systems across Africa and Asia using embedded mobile-money credit. Comparable to Finergi on prepaid energy financing for off-grid customers, with a much larger global footprint.
• d.light: d.light designs, manufactures, and finances PAYG solar products in emerging markets with embedded mobile payments. Directly comparable on the prepaid-energy + consumer-credit + emerging-markets dimensions.
• M-KOPA: M-KOPA is the leading pay-as-you-go (PAYG) solar provider in East Africa, offering embedded credit for off-grid solar systems with daily micro-payments via mobile money. Directly comparable to Finergi on the African prepaid-energy + embedded credit axis, though focused on solar hardware rather than grid electricity.
• Azuri Technologies: Azuri offers PAYG solar home systems across sub-Saharan Africa with embedded mobile-money credit. Closely comparable to Finergi's prepaid-energy credit model, particularly for off-grid households, and serves a similar underbanked customer base.
• PayJoy: PayJoy provides point-of-sale financing for smartphones and devices in emerging markets using a similar collateral/lock-based repayment model. It is the closest comparable to Finergi's "credit against a future payment stream" architecture, applied to devices rather than prepaid electricity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/about

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finergi