# BuyPower

> BuyPower is a Nigerian bill-payment platform that lets people buy prepaid and postpaid electricity tokens - plus airtime, data and TV subscriptions - online and through its mobile app, 24/7. Founded in 2016 in Abuja after its founders grew tired of queueing at utility offices, it integrates directly with Nigeria's electricity distribution companies (DisCos) and has grown into a cash-flow-positive business reporting roughly $20.6M in revenue by the end of 2024. It was the first company from Northern Nigeria backed by Y Combinator (W17).

- **Founded:** 2016
- **Headquarters:** Abuja, Nigeria
- **Founders:** Ojima Benjamin Ufaruna (Co-founder & CEO), Asehinde Oladipo (Co-founder & COO)
- **Team size:** ~138 employees (2024)
- **Products:** BuyPower web platform (buypower.ng), BuyPower mobile app, Business / vendor payments, Energy Data Service
- **Notable:** First company from Northern Nigeria to be funded by Y Combinator (W17)., Reached roughly 40% of paid electricity in Abuja within its first year., Grew to ~$20.6M in reported revenue by December 2024 while staying cash-flow positive.

## Products & services

- **BuyPower web platform (buypower.ng)** — Website for buying prepaid and postpaid electricity tokens for all major Nigerian DisCos, plus airtime, data and TV subscriptions.
- **BuyPower mobile app** — iOS and Android app with biometric login, saved meters, Buy Again re-ordering, scheduled payments and reminders, PDF receipts and bills, meter-consumption tracking, dark mode, and bank-transfer or loan payment options.
- **Business / vendor payments** — Lets businesses pay international vendors and manage bulk utility spend.
- **Energy Data Service** — Uses BuyPower's energy-payment history to inform lending and credit decisions for African SMBs.

## Achievements

- First company from Northern Nigeria to be funded by Y Combinator (W17).
- Reached roughly 40% of paid electricity in Abuja within its first year.
- Grew to ~$20.6M in reported revenue by December 2024 while staying cash-flow positive.
- Integrated with all major Nigerian electricity distribution companies.
- Served hundreds of thousands of paying customers across Nigeria.

## Latest updates

- **2024-12** — BuyPower reported approximately $20.6M in revenue with a team of ~138 people, remaining cash-flow positive.
- **2022-04** — Signed a reported multimillion-dollar power-financing partnership with Aella.

## Links

- Website: https://buypower.ng
- LinkedIn: https://www.linkedin.com/company/buypower-inc
- Twitter/X: https://twitter.com/buypowerng
- Facebook: https://www.facebook.com/buyelectricity

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Profile page: https://yespress.io/buypower-yc-w17
Published by YesPress — https://yespress.io
Last updated: 2026-07-31