When was BuyPower founded?

BuyPower was founded in 2015 and raised its 1st funding round 2 years after it was founded.

Where is BuyPower located?

BuyPower is headquartered in Abuja, Nigeria.

Who is the current CEO of BuyPower?

Benjamin Ufaruna of BuyPower. They have also founded 1 company.

How many employees does BuyPower have?

As of Apr 30, 2026, the latest employee count at BuyPower is 131.

Is BuyPower a funded company?

BuyPower is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on 2017.

When was the latest funding round of BuyPower?

BuyPower's latest funding was a $***** Seed round on 2017, with participation from 1 investor.

Where does BuyPower rank among its competitors?

BuyPower ranks 25th amongst 345 active competitors, of which 58 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Tantalus, which secured $157K in Feb, 2026.

Who are the top competitors of BuyPower?

BuyPower's top competitors include PowerSecure, GridX and Uplight. Among them, Tantalus secured the most recent funding round in February, 2026.

BuyPower - 2026 Company Profile, Team, Funding & Competitors

BuyPower is a seed company based in Abuja (Nigeria), founded in 2015 by Benjamin Ufaruna. It operates as an App-based online platform to buy electricity. BuyPower has raised $120K in funding. The company has 345 active competitors, including 58 funded and 50 that have exited. Its top competitors include companies like PowerSecure, GridX and Uplight.

Company Details

App-based online platform to buy electricity. It offers a pay-as-you-go payment model for electricity. The platform allows users to calculate electricity units, set reminders, and more. Its app is available for Android and iOS devices.

Website: buypower.ng
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Key Metrics

Founded Year

2015

Location

Abuja, Nigeria

Stage

Seed

Total Funding

$120K in 1 round

Latest Funding Round

Seed, 2017, $*****

Investors

Y Combinator & 2 more

Ranked

25^th among 345 active competitors

Employee Count

131 as on Apr 30, 2026

Similar Companies

GridX & 131 more

View BuyPower's full profile

BuyPower has raised a total funding of $120K over 1 round. Its latest funding round was a Seed round on 2017 for $*****. 1 investor participated in its latest round. BuyPower has 3 institutional investors.

Here is the list of recent funding rounds of BuyPower:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2017	5188	Seed	6939	3312	6481	3671

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View details of BuyPower's funding rounds and investors

The founders of BuyPower is Benjamin Ufaruna. Benjamin Ufaruna is the CEO of BuyPower.

Here are the details of BuyPower's key team members:

Benjamin Ufaruna: Co-Founder & CEO of BuyPower.

View details of BuyPower's Founder profiles and Board Members

BuyPower's employee count trend

BuyPower has 131 employees as of Apr 26. Here is BuyPower's employee count trend over the years:

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Top competitors of BuyPower include PowerSecure, GridX and Uplight. Here is the list of Top 10 competitors of BuyPower, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PowerSecure 1991, Wake Forest (United States), Acquired	Energy efficiency and smart grid management solutions	-	Glen Capital, Citi & 1 others	69/100
2nd	GridX 2010, Walnut Creek (United States), Series C	Cloud-based platform offering meter billing solutions	$68.2M	Energy Impact Partners, innogy Innovation Hub ... & 4 others	66/100
3rd	Uplight 2019, Boulder (United States), Acquired	AI and SaaS-driven solutions for energy monitoring in residential and commercial buildings	$30M	Schneider Electric, AES & 3 others	65/100
4th	Tantalus 1989, Raleigh (United States), Public	Communication technology provider for smart grids	$58.7M	Sanders Morris Harris Group, ARC Financial ... & 10 others	64/100
5th	CyanConnode Cambridge (United Kingdom), Public	Provider of narrowband radio frequency mesh networks for IoT communications	$5.43M	Herald Investment Management, ET Capital & 4 others	63/100
6th	Kraken 2019, London (United Kingdom), Series D	Provider of utility management solution	$150M	D1 Capital Partners, Ontario Teachers' Pension Plan ... & 3 others	63/100
7th	SparkMeter 2013, Washington, DC (United States), Series A	Provider of smart metering solutions for energy service delivery and management	$41.6M	Clean Energy Ventures, Accurant International ... & 18 others	62/100
8th	Octopus Energy Group 2016, London (United Kingdom), Funding Raised	Provider of energy, electric vehicles, technology, and sustainable energy solutions	-	Generation Investment Management, Macquarie ... & 3 others	59/100
9th	Bcits 1999, Bengaluru (India), Unfunded	Provider of advanced metering infrastructure solutions, unified billing, and system integration	-	-	55/100
10th	Avaada Electro 2011, Mumbai (India), Unfunded	Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications	-	-	55/100
25th	BuyPower 2015, Abuja (Nigeria), Seed	App-based online platform to buy electricity	$120K	Y Combinator, Musha Ventures & 1 others	46/100