Leading Fintech African M-KOPA Reaches 5 Million Customers, Unlocking $1.5bn in Credit Across 5 Markets

M-KOPA, a prominent fintech company, now serves over 5 million customers in Kenya, Uganda, Nigeria, Ghana, and South Africa. Remarkably, 2 million customers joined in the past 15 months.

M-KOPA's unique model offers affordable smartphones embedded with financial services to "Every Day Earners," who often lack access to conventional financial services. The company has provided over $1.5 billion in financing, helping customers participate in the digital economy with a manageable daily repayment system.

According to M-KOPA's 2024 Impact Report, 92% of customers found technology more affordable, 80% reported improved quality of life, and 70% achieved financial goals. Impressively, 62% use M-KOPA products to generate income.

M-KOPA aims to increase female customers to 50% and reduce its carbon footprint through sustainability initiatives. The company employs more than 3,000 staff and 30,000 sales agents in its operational regions.