M-KOPA logo — Our mission: To make financing for everyday essentials acces...

M-KOPA

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

Founded 2011 United Kingdom London, United Kingdom 2449 employees Debt Financing Total: $342.50M Finance, Financial Services +1

General Information

Company Name M-KOPA
Founded Year 2011
Location United Kingdom London, United Kingdom +6
Founders / Decision Makers
Team member
Employees 2449
Industries Finance, Financial Services, Fintech
Funding Stage Debt Financing
Social

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About M-KOPA

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 (15)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing - M •••••• 1
Investor
24 May 2024
Convertible Note - M •••••• 1
Investor
01 Aug 2023
Venture Round - M •••••• 5
Investor Investor Investor
•••• ••••
15 May 2023
Venture Round - M •••••• 6
Investor Investor Investor Investor Investor
•••• ••••
01 Mar 2022
Venture Round - M •••••• 1
Investor
01 Nov 2021

View All 15 Funding Rounds

M-KOPA Alternatives & Competitors

M-KOPA vs
Palgo
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M-KOPA vs
LendUp
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M-KOPA vs
axio
axio India

India’s premier consumer finance company offering pay later, credit and personal finance management.

Debt Financing
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FAQ About M-KOPA

Our mission: To make financing for everyday essentials accessible to everyone
M-KOPA was founded in 2011.
M-KOPA is headquartered in London, United Kingdom.
M-KOPA operates in the following industries: Finance, Financial Services, Fintech.
M-KOPA has approximately 2449 employees.
M-KOPA has completed 15 funding rounds, raising a total of $342.50M. The latest funding stage is Debt Financing.
Top alternatives and competitors to M-KOPA include Palgo, LendUp, axio, CardCom, Finja. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
M-KOPA and Palgo are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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