Optasia expands Africa prepaid electricity credit

Optasia, a British Virgin Islands–incorporated technology group listed on the Johannesburg Stock Exchange, has acquired Finergi Global FZCO for $30 million, boosting its prepaid electricity credit platform across Africa.

The acquisition, executed through subsidiary CVAS International Limited, includes $24.9 million in cash, $5.1 million in shares, and a $10 million performance-based earn-out.

Finergi transforms prepaid meters into credit access
Finergi provides real-time credit via prepaid electricity meters, allowing consumers to access short-term advances reconciled with future top-ups.

The platform serves utilities, governments, and financial partners, offering operational efficiency, revenue sharing, and interest-free credit. With patents in 24 countries, Finergi already operates across Southern, East, and West Africa, integrating mobile money, USSD, and digital channels to reach unbanked populations.

Strategic growth & market potential
Optasia says the acquisition aligns with its ecosystem expansion strategy and taps a large and growing market. Finergi enhances AI-driven credit decisioning, KYC capabilities, and integration with energy distribution networks.

Africa and Asia’s electricity credit market reached $1.3 billion in 2025 and is projected to hit $3.5 billion by 2035, fueled by prepaid meter adoption and utilities’ efforts to reduce non-technical losses.

Leadership perspectives
Salvador Anglada, Optasia CEO, said, “Finergi positions us as a first mover in utilities credit, creating a high-margin, direct-to-consumer platform.” Finergi co-founder Avi Lasarow added, “Partnering with Optasia accelerates our vision of transforming prepaid meters into financial access points for underserved consumers.”

The $30 million acquisition, representing 2.8% of Optasia’s market capitalization, is expected to close by 31 March 2026 without shareholder approval, reinforcing Optasia’s expansion into emerging-market energy-fintech ecosystems.