Location
Headquarters: Nairobi, Nairobi Area, Kenya, Africa
Region: Nairobi Area
Country: KE
Continent: Africa
About
M-KOPA is a mobile finance company that enables everyday earners to access smartphones and other connected devices through pay-as-you-go ownership. It offers digital loans, health cover, device protection, and affordable data bundles, helping customers build credit histories while staying connected. Operating across five countries in Africa, including Ghana, Kenya, Nigeria, South Africa, and Uganda, the company positions itself as a driver of financial inclusion by unlocking access to smartphones and complementary services. The business focuses on enabling customers to upgrade and expand digital access through easy, incremental payments over time.
M-KOPA provides pay-as-you-go smartphones and digital financial services to underserved consumers in Africa. The company uses daily repayment models and proprietary analytics to extend credit for devices, data subscriptions, and insurance. Its primary customers are individuals with daily income streams across Kenya, Nigeria, Ghana, South Africa, and Uganda.
M-KOPA Kenya™
2011
for_profit
active
Industries
Primary Industry: Finance
Categories
Funding & Financials
Debt
513100000
50m-100m
private
Investors
Founders
Chad Larson
Jesse Moore
Nick Hughes
Leadership
Nick Hughes — Co Founder & Chief Product Officer
Jesse Moore — Chief Executive Officer and Co-Founder
James Maclaurin — Deputy CEO, Chief Finance Officer
Chad Larson — Chief Credit Officer & Co-Founder
Samuel Gachwe Kariuki — Chief Human Resources Officer
David Damberger — Managing Director
Technology Stack
Products
Smartphones: M-KOPA offers smartphones with features like HD+ displays, multiple cameras, long battery life, and Android OS, designed for everyday earners to access digital services through affordable ownership plans.
Digital Loans: M-KOPA provides digital loans accessible after three months of timely payments, allowing customers to build credit and access financial services.
Device Protection: Device protection covers screen repairs and insurance against theft or loss, helping customers maintain connectivity and device usability.
Health Insurance (Health Cover): M-KOPA provides hospital cash cover linked to smartphone ownership, offering financial support for inpatient hospital stays.
Affordable Data Bundles: M-KOPA offers affordable mobile data bundles to keep customers connected and enable digital access.
Mobility Products (Electric Motorbikes): M-KOPA finances electric motorbikes for ride-hailing drivers, enabling affordable ownership through digital micropayments and reducing operational costs.
Funding rounds
SERIES_F · 160000000 · (2025-11-01T00:00:00)
DEBT · 51000000 · (2024-06-01T00:00:00)
LATE_VC · 55000000 · (2023-05-01T00:00:00)
DEBT · 195000000 · (2023-05-01T00:00:00)
GROWTH_EQUITY_VC · 75000000 · (2022-03-01T00:00:00)
LATE_VC · 10000000 · (2021-11-01T00:00:00)
DEBT · 3000000 · (2021-03-01T00:00:00)
GRANT · 300000 · (2021-03-01T00:00:00)
LATE_VC · 10000000 · (2018-03-01T00:00:00)
DEBT · 80000000 · (2017-10-01T00:00:00)
LATE_VC · 6300000 · (2016-09-01T00:00:00)
DEBT · 4000000 · (2016-05-01T00:00:00)
LATE_VC · 19000000 · (2015-12-01T00:00:00)
SERIES_D · 12500000 · (2015-02-01T00:00:00)
SERIES_C · 10000000 · (2014-02-01T00:00:00)
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