Founded in 2009, Fenix International is a venture-backed,
for-profit renewable energy company with offices in Silicon Valley and East
Africa. Fenix operates on the front line of renewable energy and mobile
financial services in emerging markets, and our mission is to deliver
life-changing technology to the 1.3 billion people who live without power.
Our flagship product is the ReadyPay Solar Power System - one of the world’s most affordable and accessible sources of power to those living off-grid. Providing phone charging, lights, radios, and even TVs, ReadyPay is available from just $0.35 per-day and financed over 18-months via Mobile Money platforms. We pride ourselves on generating financing plans that are flexible, inclusive, and affordable to ensure the greatest reach and impact. Fenix partners with telecoms in its target markets and leverages their established brand and distribution networks to scale quickly.
ReadyPay was launched in Uganda in partnership with MTN in early 2014 and the business has grown exceptionally during the past year, exceeding all targets and growth ambitions. We are now poised to scale and revolutionize access to electricity and financial services. With rapid growth in mind, Fenix recently raised $12.6 million in Series B and working capital financing with private investors and strategic partners including Schneider Electric, GDF Suez, and Orange Telecom.