How Nigeria’s Betapawa is addressing financial inclusion via solar-powered banking

Nigerian startup Betapawa has developed an innovative solar-powered banking solution to address issues around financial inclusion in off-grid communities.

Founded in 2022, Betapawa specialises in deploying solar-powered banking hubs to provide financial inclusion, sustainable energy solutions, and connectivity, and empower underserved communities.

Its solution that integrates renewable energy, customises services for local needs, and brings mobile banking directly to communities therefore supporting economic growth and scalability. The hubs serve as multifunctional centres delivering various services, including electricity access, internet connectivity, financial services, education, and healthcare support.

Betapawa currently operates in Nigeria, with plans to reach more underserved areas in the country and explore opportunities in other Sub-Saharan African countries. The company generates revenue through pay-as-you-go fees for energy and connectivity subscriptions, and rental fees paid by fintech partners who leverage the hubs to extend their services to the target communities.