M-KOPA is a fintech platform that provides accessible financing to millions of 'Every Day Earners' across Africa. Founded in 2011, the company combines digital micropayments with IoT connectivity to enable customers to acquire assets and access services through small, frequent payments that align with their income patterns. Its initial product was a pay-as-you-go solar offering, which has since expanded to include smartphone financing, electric motorbike financing, and a suite of financial services.
The platform's model allows customers to build a credit history over time, unlocking access to additional products such as digital loans, hospital coverage, device protection, and affordable data. This creates a pathway for financial inclusion and improved livelihoods. The company reports deploying over $2 billion in credit and reaching over 7 million customers, processing over 1 million daily payments in the process.
Technically, M-KOPA's operations involve IoT systems, digital micropayments, and a proprietary technology stack developed in-house. The company has a physical footprint in Kenya, Uganda, Nigeria, Ghana, and South Africa, and its agent network provides over 35,000 livelihood opportunities. M-KOPA also assembles over 1 million phones locally as part of its supply chain.
