M-KOPA

Our mission: To make financing for everyday essentials accessible to everyone

General Information
Company Name
M-KOPA
Founded Year
2011
Location (Offices)
London, United Kingdom +6
Founders / Decision Makers
Number of Employees
2449
Industries
Finance, Financial Services, Fintech
Funding Stage
Debt Financing
Social Media

M-KOPA - Company Profile

M-KOPA is a fintech platform established in 2011 with a mission to make financing for everyday essentials accessible to everyone. The company operates in Kenya, Uganda, Nigeria, and Ghana, offering digital financial services to underbanked consumers through the use of digital micropayments and IoT technology. The platform has facilitated over $1 billion in credit and provided 3 million customers with access to smartphones, electric motorcycles, solar power systems, digital loans, and health insurance. M-KOPA has significantly contributed to the African job market, employing nearly 2,000 people directly and creating over 10,000 roles for sales agents since the beginning of 2020. The last funding round secured by M-KOPA was a $51.00M Debt Financing investment in May 24, 2024, led by U.S. DFC. This reflects the confidence of investors in the company's growth potential and its ability to make a meaningful impact in the fintech space. With its focus on leveraging technology to address the financial needs of underserved communities, M-KOPA is poised for further expansion and innovation within the Finance, Financial Services, and Fintech sectors from its headquarters in Kenya.

Taxonomy: fintech platform, digital financial services, connected asset financing, underbanked consumers, digital micropayments, IoT technology, solar power systems, smartphones, off-grid solar, pay-as-you-go, Africa operations, data-driven financing, underbanked market, sustainable energy solutions

Funding Rounds & Investors of M-KOPA (15)

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Funding Stage Amount No. Investors Investors Date
Debt Financing - M $51.00M 1 24 May 2024
Convertible Note - M $20.00M 1 01 Aug 2023
Venture Round - M $55.00M 5 Sumitomo, Broadscale 15 May 2023
Venture Round - M $75.00M 6 Broadscale 01 Mar 2022
Venture Round - M $10.00M 1 01 Nov 2021

View All 15 Funding Rounds

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