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5G

M-KOPA X30 Review | A Budget 4G Smartphone on Flexible Payment Options

The M-KOPA X30 is a successor of the M-KOPA X20, both budget-friendly Android smartphones designed for Africa's growing urban and rural consumer who want a smartphone experience via flexible payment options. M-KOPA X30 is for everyday users who want big...

Business

M-KOPA Spent $156 Million on Local Procurement in Kenya, New Impact Report Shows

M-KOPA spent $156 million on local procurement in 2024, according to its first Kenya-specific Impact Report, which outlines the company’s expanding economic, social and environmental footprint in the country. In 2024, M-KOPA spent KES 20.3 billion (approximately $156 million) on local...

Entrepreneurship

Kenya’s M-Kopa Faces Racial Bias Lawsuit Over Shareholding Restructure

M-KOPA Holdings, the Kenyan-founded and UK-headquartered fintech startup, has been sued in Kenya over allegations of racial bias. M-KOPA, it's said that a 2019 restructuring disadvantaged local employees of African descent while protecting the shareholding of foreign and white expatriate...

Startups

M-KOPA & Turaco to Launch Hospital Cash Insurance in Ghana

M-KOPA and Turaco, an insurtech in Africa have announced plans to launch the Hospital Cash insurance cover in Ghana after reaching over 1 million Kenyans in just one year after launch. The health insurance dubbed Hospital Cash comes built into...

4G

M-KOPA X20 Specifications

M-KOPA X20, a phone designed by HMD for M-KOPA, the pan-African fintech firm based in Kenya, is the successor of the M-KOPA X2 smartphone already available in the African market. Available in Glacier Green and Black Ocean, M-KOPA X20 is...

Tech

M-KOPA X2 Specifications

M-KOPA X2 is available on asset financing to customers in Kenya, Uganda, Tanzania across several markets to allow as many people as possible to have access to smartphones. M-KOPA is also allowing customers own devices which provide enhancing benefits to...

Business

M-KOPA’s Smartphone Assembly Plant Surpasses 1.5 Million Units in Kenya

M-KOPA, Kenya's fintech firm has announced it has locally assembled over 1.5 million smartphones in Kenya, one year after it was launched, a move that establishes the firm as a critical player in the Kenyan economy, enabling financial...

Tech

M-KOPA appoints former Nokia CEO Rajeev Suri as its Board Chair

M-KOPA has appointed Rajeev Suri, former CEO of Nokia as well as Inmarsat, and now also serving as chairperson of Digicel and board director at Singtel, as Chairperson of its Board, effective 1st December 2024. Suri is expected to help...

Business

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

M-KOPA, a Kenyan fintech has surpassed 5 million customers across Kenya, Uganda, Nigeria, Ghana and South Africa with its affordable smartphones and embedded financial services for African adults. According to the World Bank, 75% of adults in sub-Saharan Africa remain...

Business

M-KOPA fails to prove it’s a UK firm to avoid taxman’s Ksh 885m fine

M-KOPA, a Nairobi-based fintech firm has been slapped with a Ksh 885.87 million fine in taxes by the Kenya Revenue Authority (KRA) after it assessed M-KOPA’s tax obligations, including withholding tax and Pay As You Earn (PAYE), from 2017...

Business

M-KOPA gets $51 million from US govt to increase access of affordable smartphones in Kenya

M-KOPA, a fintech platform that connects underbanked customers to financing and digital financial services in Kenya and four other African markets has received a $51 million loan that will support digital connectivity throughout the country by helping underserved communities...

Startups

M-KOPA feted for affordable asset financing, digital loans & health insurance

M-KOPA, a Kenyan-based African fintech company, has been named on the Financial Times (FT) “Africa’s Fastest Growing Companies 2024” list, for its affordable digital financial services. Now on the FT’s rankings three years in a row, M-KOPA was vetted...

Startups

Bolt, ROAM and M-KOPA rollout 5,000 electric motorcycles in Kenya

Bolt and M-KOPA, have today launched an electric bike fleet in Kenya to allow new and existing drivers an opportunity to lease electric motorbikes at a discounted price. The 5,000 electric motorcycle rollout aligns with the recent launch of Kenya’s...

Fintech

M-KOPA Expands to Ghana, Unlocking $10m in Credit for Customers

M-KOPA, a fintech platform that provides digital financial services to underbanked consumers has officially launched its flexible digital financing model in Ghana following a successful pilot phase. The strategic move to expand its operations makes Ghana the second West African country for the company,...

Tech

M-KOPA Says Advances in AI and Machine Learning on Azure have Improved Its Business Model

More than 3 million customers in Africa who might not have been able to get credit from a bank have obtained products and loans through M-KOPA, a fintech company that serves the financially excluded. While the idea is simple,...

Startups

Kenya’s fintech platform M-Kopa raises $65 million to expand its financial services to under-banked consumers

Kenya's fintech platform M-Kopa Holdings has received $65 million from the International Finance Corporation (IFC) to expand its financial services to under-banked consumers in Africa in an effort to make capital assets more accessible to customers. IFC gave Kenya, Tanzania...

Tech

Kenya’s Fintech M-KOPA raises $250m to expand its financial services offering to underbanked across Africa

M-KOPA, a Kenyan fintech platform, has secured over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. According to Jesse Moore, M-KOPA CEO and Co-founder, “At...

Startups

Roam and M-KOPA partner to bring electric bikes in Africa

Electric mobility company Roam has signed a supply arrangement deal with fintech platform M-KOPA in an agreement that will see the sell electric motorcycles on credit, a move they believe will decrease the barrier to entry for potential buyers...

Startups

African Fintech Startup M-KOPA secures $75M for Expansion

M-KOPA, a fintech platform that connects underbanked customers to connected financing and digital financial services in four African markets, has raised $75 million in a growth equity round. Generation Investment Management and Broadscale Group led the round, with new investors...

Startups

How Insuretch Startup Turaco & M-KOPA Insured Over 16,000 Consumers in Kenya in Months

A little over a year ago, insuretech startup Turaco and M-KOPA joined forces to launch a bundle insurance product for M-KOPA customers and direct sales representatives that provides nightly cashback in case of hospital admission, and pays out to...

IoT

Kenya’s M-KOPA, A Connected Asset Financing Platform, Expands Into Nigeria

M-KOPA, a connected asset financing platform, has finally expanded its operation into the Nigerian market. M-KOPA's Nigeria launch, according to an earlier report by TechMoran, follows a successful pilot test which saw it sell over 20,000 smartphones in Lagos. The...

Startups

M-KOPA Launches Officially in Nigeria, Aims to Go Big on Device Financing

M-KOPA, the solar system financing firm turned-asset financing platform has officially launched in Nigeria with plans to lend millions of smartphones, solar lighting, energy-efficient televisions, fridges and digital financial services via its financing platform. The launch was announced after the...

Startups

Kenya’s Pula & M-KOPA receive $1.3m to increase women’s access to loans & micro-insurance

Nairobi-based Pula Advisors and M-KOPA have received $1m and $300,000 respectively in grants from the African Development Bank for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, disbursed...

Startups

Rolake Rosiji, Country Manager of M-KOPA Nigeria appointed as the new CEO of Jobberman Nigeria

Jobberman, Nigeria's largest job placement platform in sub-Saharan Africa, has announced the appointment of Rolake Rosiji as the new CEO. Rolake takes over from Hilda Kragha, now Managing Director of ROAM Africa Jobs, and will continue the work of...

Solar

Bolt launches a €10 million climate change fund, inks first deal with M-KOPA Solar

Bolt, Europe and Africa's on-demand transportation platform, has launched a dedicated environmental impact fund with seed capital of €10 million aimed at initiatives which deliver global social and environmental benefits. Bolt’s environmental impact fund forms part of the company’s wider...

Business

M-KOPA Solar’s New Holy Grail | a Ksh 54,000, 16 Inch Solar-powered Digital TV

Finally, M-KOPA Solar might have found its holy grail, a move likely to turn the green energy financer’s fortune around and reduce its dependency on investor money and turn a profit. Originally distributing solar lighting kits in East African homes...

Tech

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