Infibranches, located in Lagos, has two main products: OmniBranches and Green Energy Plug, which assist firms with vast distribution networks, such as solar home system distributors and mini-grid providers, manage their operations.
Green Energy Plug is a single point of integration for payments and other financial services for service providers in the Nigerian renewable energy sector, while OmniBranches is a management platform with features such as agent hierarchy management, commission tracking, transaction records, transaction analytics, and profile management.
The US $2 million All On investment will be used to support the company’s next stage of growth by financing inventory, agent acquisition, product and technology development, as well as providing working capital for Infibranches’ plans to distribute solar home systems for households and businesses.
“Through this investment, Infibranches plans to speed up customer acquisition in its current markets. This will also improve existing products like Omnibranches, which has served over a million customers and introduce new products and services to address energy distribution issues,” said chief executive officer (CEO) Olusola Owoyemi.
All On’s CEO, Dr. Wiebe Boer, praised Infibrances for its unique business model, which addresses the payment and collection issues that solar system distributors and mini-grid providers confront across Nigeria.
“This partnership merges fintech and renewables in a way we haven’t seen in Nigeria before and will enable tens of thousands of new electricity connections,” he said.
