Fenix International was acquired by ENGIE Energy Access.
Fenix International is an energy and financial services company with a mission to transform customers’ lives through access to clean power and inclusive financing. Fenix’s flagship product, ReadyPay Power, is an expandable, lease-to-own home solar system, financed through affordable installments over Mobile Money. Customers put down a small deposit, then pay less than they would spend on kerosene and candles to access bright clean lights, phone charging, radios, and other appliances. In partnership with MTN, Africa’s largest telecom, Fenix markets and sells systems throughout Uganda. As of April 2016, the company had reached 60,000 customers, bringing clean energy to the homes of over 300,000 beneficiaries. Financed by Engie, Orange, and Schneider, Fenix is a winner of the GSMA mobile-enabled community services grant as well as the OECD’s DAC prize for taking development innovation to scale, and will soon expand to new geographies.