M-KOPA

M-KOPA is the pioneer and global leader of Connected Asset Financing that offers millions of underbanked customers access to life-enhancing products.

M-KOPA's mission is to make financing for everyday essentials accessible to everyone.

M-KOPA was founded in 2011 by Jesse Moore and Nick Hughes. The company is headquartered in Nairobi, Kenya.

 

M-KOPA's advanced connected asset financing platform combines digital micropayments and IoT connectivity to offer access to products including solar lighting, televisions, fridges, smartphones, financial services and more.

 

M-KOPA is known chiefly for its pay-as-you-go (PAYG) financing model that allows customers to build ownership of appliances over time by paying an initial deposit followed by flexible micro-payments.

 

M-KOPA claims to have unlocked over $600 million in financing for its 2 million underbanked customers across its markets. The company has expanded its pay-as-you-go model to include other needs: smartphones (launched in Kenya two years ago), TVs, refrigerators, solar lighting and digital financial services such as cash loans and health insurance.

 

M-KOPA is backed by Stanbic Bank, CDC Group, FMO, LGT Venture Philanthropy, LocalGlobe’s Latitude Fund, Triodos Investment Management, Norfund, HEPCO Capital Management, and others. The company raised $75M in a new round on Mar 01, 2022. This brings M-KOPA's total funding to $263.6M to date.

 

 

  • Year founded: 2011
  • Funding Info: $263.6M over 9 Rounds (Latest Funding Type: Venture - Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 1,001-5,000
  • Business Valuation: NA
  • City/Town: Nairobi
  • State: Nairobi
  • Country: Kenya
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