Fund700X: helping to ease the stress of electricity payment in Nigeria

Destiny Viator

For a long time now, Electricity supply in Nigeria has been an unsolvable problem. Nigeria is endowed with abundant natural resources including oil, gas, hydro and solar resource, and at the moment, it has the propensity to generate 12,522 megawatts of electric from existing plants, but its hardly able to […]

Fund700X: helping to ease the stress of electricity payment in Nigeria

For a long time now, Electricity supply in Nigeria has been an unsolvable problem.

Nigeria is endowed with abundant natural resources including oil, gas, hydro and solar resource, and at the moment, it has the propensity to generate 12,522 megawatts of electric from existing plants, but its hardly able to generate 4,000 MW, which is so insufficient.

Apart from the poor state of electricity supply in the country, paying for electricity units is extremely frustrating. This process will have you waste several hours of your time on queues.

Considering the hustle and bustle of our schedules, it’s always very stressful to get to the nearest distribution company (Disco) office to pay electricity bills and buy electricity tokens.

Not only is the schedule a discouragement, the thought of having to stand in line for hours to get it done isn’t frustrating. And for prepaid meter users, recharging on a weekend also poses another mountain of worries since these offices don’t necessarily work on weekends.

But with the increasing supply and use of the new prepaid meter, purchasing electricity units at utility shops have become relatively easier than it was in the past. Also, with the advancement of technology in the country, a couple of tech companies are making it even easier and faster to pay for electricity units. With any of these platforms, you can pay for electricity units from the comfort of your home and at any time of the day.

Fund700X is a payment platform which service the whole of Nigeria, it allows customers conveniently pay for all kinds of utility bills including prepaid and postpaid meter, DStv, Gotv, StarTimes, airtime and data online using either a credit or debit card. To buy electricity unit on the platform, you register on the platform, and you will also need to provide your meter number.
Fund700X allows you to buy electricity token online, from the comfort of your homes and offices. The web platform has simplified the process of paying for utility bills. Fund700X has had timely and responsible customer service to help you 24/7.

Fund700X work round the clock every day, to ensure our customers get maximum value and added services for their purchases.

Founded in 2020, Fund700X makes the utility payment experience very seamless. Using its website or mobile app, prepaid/postpaid meter users can easily recharge their meters and pay their bills from any location.

Registration on this platform is very simple and fast, and once this is done, users can start recharging on the go. To recharge, users will need to enter their meter number, input the desired amount and make the payment via their debit cards or make a bank transfer.

For prepaid meters, a user will receive an electricity token which is loaded on their meter to get power. Postpaid meter owners get payment receipts.

Fund700X is available on web, Playstore and AppStore, and it also has a web platform. Payment for electricity can be made through MasterCard, Visa, Verve cards, USSD mobile payment or Bank transfer.
Fund700X is a product of 
Imperial Soft Services. A leading technology company with focus on software development.

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