Founded in 2011, M-KOPA is a fintech platform that provides digital financial services to underbanked consumers by leveraging data to combine digital micropayments with the Internet of Things [IoT] technology. With operations in Kenya, Uganda, Nigeria and Ghana, M-KOPA’s platform has provided over $1 billion in credit and enabled 3 million customers to access smartphones, electric motorcycles, solar power systems, digital loans and health insurance. The company directly employs nearly 2,000 people across Africa and has created over 10,000 roles for sales agents since the start of 2020.


M-KOPA

We are thrilled to announce that we have successfully closed over $250m in new debt and equity funding to expand our financial services offering to underbanked consumers across Sub-Saharan Africa. 

This marks one of the largest combined debt and equity raises in the African tech sector, enabling us to continue to scale our rapid growth as well as further our mission of improving financial and digital inclusion in the region.

We would like to extend our deepest gratitude to our investors for their unwavering support and belief in our mission: 

📣 Standard Bank Group for leading and arranging over $200m in sustainability-linked debt financing
📣 IFC - International Finance Corporation, funds managed by Lion's Head Global Partners, FMO - Dutch entrepreneurial development bank, British International Investment, Mirova, and Nithio for their participation in the debt round
📣 Lendable was appointed as the Borrowing Base and Sustainability Verification Agent for the debt transaction.
📣 Sumitomo Corporation Group 住友商事株式会社 which backed the $55m in equity investment, and will engage closely with M-KOPA on new growth markets and products
📣 Blue Haven Initiative, Lightrock, Broadscale Group, and Latitude, the sister fund to LocalGlobe, also participated in the transaction.

Thank you again to our investors; your confidence in M-KOPA fuels our drive to make a lasting impact!

To read more about the news, click here: https://lnkd.in/eQDDFESr   

 #fintech #financialinclusion #Africa 


Join our CEO, Jesse Moore, on 26 Feb at GSMA - Public Policy GSMA Ministerial Programme for an insightful panel session focusing on device affordability- an important aspect of digital inclusion in emerging economies.

He will join Ben Wreschner, Isabel Neto, Wei Luo and Enzo Scarcella to uncover strategies for reducing the cost of internet-enabled handsets and ensuring the ongoing digital transformation is inclusive and equitable.

#DigitalInclusion #MWC24MP

We are now live in the City of Ilorin, Nigeria, with the opening of our first store in partnership with MTN Nigeria.

Nigerians living in Ilorin can more easily access smartphones to enhance their digital connectivity with the added benefit of MTN data weekly on smartphones purchased from our store.

This move reinforces our common vision with MTN Nigeria to extend access to technology through equitable and flexible financial services.

You can visit any of our stores in Lagos, Ogun, Oyo, and now Ilorin to find out more.

https://lnkd.in/eJW5sRms

#MKOPA #DigitalAccess #FinancialInculsion

M-KOPA Mobility booth, in partnership with the Electric Mobility Association of Kenya (EMAK), is live at the Africa Tech Summit  - one of the biggest tech events in Africa. 

M-KOPA Mobility contributes to achieving our sustainability goals and is pioneering a flexible digital model for electric motorbikes. Together with our partners Ampersand E-Mobility and Roam, we have piloted electric motorbike sales to more than 200 customers in Kenya. Through e-motorbike financing, we are making mobility affordable and greener while promoting prosperity.

Visit our booth at the Africa Tech Summit in Nairobi to learn more.

#ATSNBO #eMobility

M-KOPA remains at the forefront of fostering digital financial inclusion for women through innovative approaches like human-centred design. With the support of Africa Digital Financial Inclusion Facility (ADFI), our digital credit solution, shaped by user insights in Kenya, is improving women’s participation in a financial inclusion pathway. Through our flexible digital model, we are alleviating access barriers and improving economic outcomes. Today, more than one-third of M-KOPA customers are women and close to 2 in 5 sales agents are women.

Read more about our work with ADFI here: https://lnkd.in/dntXXq4p 

And check out our most recent impact data here:
https://lnkd.in/eWr4dP2F 

#MKOPA #FinancialInclusion #DigitalInclusion #Empowerment #ADFI

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M-KOPA is a connected financing platform that serves the financially excluded by providing access to life-enhancing assets through digital micropayments and GSM connectivity. The company has deployed $1 billion in products and credit to the financially excluded and has impacted over 3 million customers across multiple countries.

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