M-KOPA

M-KOPA

Financial Services

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

About us

M-KOPA is a UK-headquartered emerging market fintech that provides affordable smartphones and digital financial services. With operations in Nigeria, Ghana, Kenya, South Africa and Uganda, the company has extended over $1.5 billion in credit to more than 5 million customers. Using an innovative financing model based on daily repayments, M-KOPA provides affordable smartphones embedded with financial services that fit with the cash flow of millions of underserved individuals who earn their income on a daily basis. By leveraging rich payments data and proprietary AI-driven analytics, M-KOPA builds a credit record for each customer which forms the foundation for a long-term financial relationship for digital loans, affordable data subscriptions and insurance. The company employs over 3,000 staff and 30,000 sales agents across its African markets. M-KOPA has been recognised by the Financial Times as one of Africa’s Fastest Growing Companies for the past 3 years, and by Time Magazine as one of the 100 Most Influential Companies globally for the past 2 years.

Industry
Financial Services
Company size
1,001-5,000 employees
Headquarters
London
Type
Privately Held
Founded
2011
Specialties
smartphones, fintech, digital finance, technology, financial inclusion, digital connectivity, emerging markets, e-mobility, and impact

Locations

Employees at M-KOPA

Updates

  • View organization page for M-KOPA, graphic

    63,984 followers

    Last Wednesday, our Nigeria General Manager, Babajide Duroshola, took the stage at Moonshot by TechCabal 2024, speaking on two impactful panels: “Let’s Build, Africa” and “Building World-Class Teams.” He shared strategies for hiring and retaining top talent in Africa’s competitive market and offered insights on scaling businesses across the continent. At M-KOPA, we’re passionate about empowering our teams and helping them progress in their career paths, as we grow together and expand our footprint across the continent. Powered by world-class talent, we are creating pathways to success that fuel growth and opportunity for all. 🌍🚀 Thank you, to the TechCabal team for facilitating such valuable discussions and for allowing us to share our insights on building a stronger, more connected Africa. #Moonshot2024 #AfricaTech #TalentDevelopment #BusinessExpansion #MKOPA #Innovation #DigitalTransformation

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  • View organization page for M-KOPA, graphic

    63,984 followers

    Our very own Babajide Duroshola, Nigeria General Manager, will be taking the stage at Moonshot by TechCabal tomorrow in Lagos. Babajide will be speaking on two separate panels, the Let’s Build, Africa! and the Building World-Class Teams panels. 🌍 During his engagements, Babajide will share strategies for hiring and retaining top talent in Africa’s competitive market, as well as offer key insights on how businesses can scale and expand to new markets across the continent. Make sure to catch Babajide if you're at Moonshot or join us by registering here: https://lnkd.in/dv4WWD6m

    Official 2024 Partner

    Official 2024 Partner

    moonshot.techcabal.com

  • View organization page for M-KOPA, graphic

    63,984 followers

    Catch our President and Managing Director, Mayur Patel, AFSIC - Investing in Africa today, Monday, 7 October. He will join Amanda Kabagambe, Dave Van Niekerk, Alexandre Liege and Jeremy Quainoo on the Fintech Innovation Panel to discuss Investing in Africa's Fintech Boom. The conversation would explore the crucial role Africa's fintech sector plays in driving financial inclusion, fostering innovation, and boosting economic development. #afsic2024

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  • View organization page for M-KOPA, graphic

    63,984 followers

    🎉 We’re beyond thrilled to announce that M-KOPA has officially surpassed 5 million customers, unlocking $1.5bn in credit across 5 markets -  Kenya, Uganda, Nigeria, Ghana, and South Africa. Our affordable quality smartphones embedded with financial services have enabled ‘Every Day Earners’ access to the digital economy, reflecting the transformative impact we are making on our customers. According to the World Bank, 75% of adults in sub-Saharan Africa are still financially excluded. We are gradually changing the narrative. And as the world focuses on progress at UNGA and Climate Week, we’re proud to share our 2024 Annual Impact Report_Pathways To Progress, highlighting our growth on social and environmental impact. 🌍 🔑 Key Impact Highlights: - 92% of customers say M-KOPA has made technology more affordable - 80% report an improved quality of life - 70% credit M-KOPA with helping them achieve financial goals - 60% use their M-KOPA products to generate income - 40% of our customer base is now women—25% higher than the African average, helping us close the digital gender gap. Our CEO Jesse Moore sums it up: “We’re just getting started; the opportunity for much larger impact and scale is right in front of us.” We’re excited for the road ahead and the many more milestones of financing progress to come!

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  • View organization page for M-KOPA, graphic

    63,984 followers

    Thank you to London Stock Exchange for highlighting our impact and growth across Africa in their ‘Be Inspired’ series. During the discussion, our Co-Founder and CEO Jesse Moore spoke to Julia Hoggett, CEO of the London Stock Exchange, about M-KOPA’s business model saying: "The pursuit of building M-KOPA has been to find that infinitely commercially sustainable model. Now, we’re very much on that with hundreds of millions of dollars in revenue; growing at over 50% year over year and reaching millions of customers per year" To discover how M-KOPA’s innovation is turning smartphones into impactful tools to unlock comprehensive financial services and how we are bridging the gap towards financial inclusion and digital connectivity across Africa, dive into this deeply insightful interview below. https://lnkd.in/etRTt9yy #LSEG #Fintech #Africa #MKOPA

    View organization page for London Stock Exchange, graphic

    115,425 followers

    How can smartphones bridge the gap in financial inclusion? In the latest episode of the Be Inspired series, Jesse Moore, CEO and Co-Founder of M-KOPA explains how their business model financing smartphones and facilitating digital micropayments to underbanked customers across Africa transforms lives and how they are building deeper financial relationships with their customers. Watch now: https://lseg.group/3ARK6CX

  • View organization page for M-KOPA, graphic

    63,984 followers

    Curious about how our digital micropayment model makes digital financial services affordable and accessible, especially for women? Our Product Director, Tsakane Ngoepe, explains this in a fireside chat with Revi Sterling, Technical Director, WiDEF, CARE, for the launch of Round 2 of WIDEF technical assistance. She also talks about the private sector's role in closing digital inclusion gaps and addressing the challenges that limit women’s participation in the digital economy. #DigitalInclusion #WiDEF #TechForGood #Innovation #GenderEquality #DigitalEconomy

  • View organization page for M-KOPA, graphic

    63,984 followers

    Chioma Agogo, M-KOPA's General Manager for Ghana, recently spoke at the Gender and Growth Gaps in Sub-Saharan Africa - Research and Policy Dialogue. She joined a panel with Christopher Ssali, Maty Konte (Dr.), Roselyn Adadzewa Otoo, and Iyabo Olanrele on a panel to discuss the impacts of increased phone ownership on women and men, access to digital financial services, and other uses of digital technology. The event was co-organised by the African Center for Economic Transformation (ACET), Yale Economic Growth Center, and Inclusion Economics at Yale University, with the support of the Bill & Melinda Gates Foundation, to spotlight current policy needs and research insights on the drivers and consequences of gender gaps in twenty-first-century sub-Saharan Africa. #GenderParity #EconomicGrowth #MKOPA #AfricaTransformation #DigitalInclusion

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  • View organization page for M-KOPA, graphic

    63,984 followers

    We finance progress for millions of customers every day. Meet Mpho, an entrepreneur from Soweto, South Africa, who is using her M-KOPA smartphone to connect with her customers and grow her business! As a trusted financial partner for our customers, we are making financial inclusion and digital connectivity a reality for millions across the continent. Here's to continuing our journey towards enabling digital connectivity for all. 4 million customers strong and counting!  #EmpowerAfrica #DigitalConnectivity #FinancialInclusion #4MillionStrong #ProgressForAll

  • View organization page for M-KOPA, graphic

    63,984 followers

    Closing the gender digital divide is about more than logging on.   Bridging the gap would not only transform the lives of women and girls around the globe, but it would also transform the global economy. Join the launch of the Women in the Digital Economy Fund Round 2 on 17 July to hear how private sector enterprises can apply for technical assistance to address the gender digital divide. Catch Tsakane Ngoepe, our Lending Platform Product Director, in a fireside chat. She will discuss M-KOPA's offering to make smartphones more affordable, especially for women. https://bit.ly/3x1DEI5

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