Picafuel
Picafuel is a leading billing and monetization platform dedicated to the constantly evolving energy retail market. We drive business by enabling the monetization of advanced energy management and mobility services. By using Picafuel, our customers can capitalize on opportunities, leverage new ways to extract customer value and generate new revenue streams by commercializing and managing energy consumption.
Tal Ginat, VP Business Development
The problem
Despite technological advancements in monetization methods and the global shift to subscription-based services, most energy retailers are still relying on end-of-cycle billing methods. Customer transactions, services and consumption are aggregated during the bill period and then sent collectively at the end of the cycle as a bill. In today’s innovative business environment, these methods are outdated, inaccurate, time-consuming and inefficient. Nowadays, energy retailers are providing new and exciting offerings for consumers: from fuel, electricity and natural gas to services like car washing, convenient stores, restaurants and more. They need a digital solution that can accommodate new billing and transactional requirements for these offerings, making sure they don't waste resources and miss out on valuable monetization opportunities.
Company's solution
Picafuel's cutting-edge online billing and monetization solution transforms traditional batch billing processes into instantaneous, online processes, allowing for lightning-fast speed and unparalleled efficiency. With real-time rating for any transaction type, retailers shorten their billing cycle and gain customization capabilities so they never miss out on a single monetization opportunity. Picafuel’s online billing solution is purpose-built for energy retailers’ needs and can support mobility service providers in the transition to managing and monetizing their energy consumption
Funding status
bootstrapped
Number of employees
21
Worth mentioning
Picafuel was founded by fuel retail veterans with a deep understanding of the industry. The company's platform currently supports over 250K vehicles in Israel, Europe and LATAM
