Tem secures $75M to digitise energy transactions
Energy fintech startup Tem has raised $75 million in fresh funding as it pursues its ambition to become the “Stripe of energy”, building a unified transaction layer for utilities, retailers and clean power providers. The company is developing an AI-driven payments and data platform that aims to simplify how energy is priced, billed and settled across increasingly complex grids.
Building a transaction layer for modern energy markets
As electricity systems integrate more renewable energy, distributed generation and electric vehicles, the number of participants and micro-transactions is surging. Tem positions its platform as an infrastructure layer that allows energy companies to handle this complexity in real time, similar to how Stripe streamlined online card payments for internet businesses.
The startup’s software connects market participants, automates settlement, and uses AI algorithms to optimise pricing, risk management and cash flow. By standardising how transactions are processed, Tem aims to reduce friction for new business models such as peer‑to‑peer energy trading, virtual power plants and dynamic tariffs.
AI at the core of energy billing and risk management
According to the company, its platform leverages machine learning to forecast demand, detect anomalies, and personalise tariffs for both residential and commercial customers. This is designed to help utilities and retailers manage wholesale price volatility while offering more transparent, usage-based products to end users.
By embedding AI decision engines into the billing and settlement stack, Tem claims energy providers can cut operational costs, lower error rates and accelerate product launches. The system is built to integrate via APIs, allowing existing energy retailers, grid operators and emerging clean-tech firms to plug into the platform without fully replacing their legacy systems.
Capital to scale across markets
The new $75M round will be used to expand engineering teams, enhance regulatory and compliance capabilities, and grow the company’s presence in liberalised power markets. Tem is targeting partnerships with utilities, energy retailers, and EV charging networks, positioning itself as the financial and data backbone for the transition to decarbonised energy systems.
As regulators push for more competition and transparency, a standardised, software-based transaction layer could become critical infrastructure. Tem is betting that its combination of fintech tooling and AI-powered analytics will give it a central role in how future energy flows are measured, priced and paid for.