Overview
M-Kopa is a fintech company that provides affordable smartphones and digital financial services to underserved individuals in Africa. The company offers pay-as-you-go financing models for its products, allowing customers to purchase items such as smartphones and home solar systems without requiring upfront payments.
The company's primary goal is to increase access to essential goods and services among low-income households in Africa. By providing affordable and convenient payment options, M-Kopa aims to improve the economic well-being of its customers.
Activities and products
M-Kopa operates in five African countries: Kenya, Nigeria, Ghana, Uganda, and South Africa. The company serves over 4 million customers and has generated $248 million in revenue in the previous year. Its main products include affordable smartphones and home solar systems, which are offered through pay-as-you-go financing models. In partnership with HMD Global, M-Kopa opened Kenya's first smartphone assembly factory, producing over 1 million phones.
Stage and funding
M-Kopa is an established company that was founded in 2011 by Nick Hughes, Chad Larson, and Jesse Moore. The company has raised significant revenue in the previous year, totaling $248 million. While specific funding details are not provided, it can be inferred that M-Kopa has achieved substantial growth and success in its target market.
Photograph: Jeanine van Velden / Unsplash
Company details
- Legal name
- M-Kopa
- Website
- www.m-kopa.com
- Headquarters
- London, United Kingdom
- Founded
- 2011
- Sector
- Fintech
- Funding stage
- Established