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M-KOPA’s financing platform has proved helpful to this set of users since launching as an energy provider in 2011. The company, which enables underbanked customers in select African markets to ...
To date, M-KOPA has sold more than 300,000 household kits: roughly 260,000 in Kenya, 40,000 in Uganda and 20,000 in Tanzania.
M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” and the ability to pay for them via digital micropayments, has secured more than ...
It is great to be part of the M-KOPA family. I am inspired by what we can do, as a business, to transform the lives of millions of low-income families in our country, our region and around the ...
M-KOPA, which already provides affordable, safe and clean energy to 3 million people in East Africa, will pilot Mastercard’s Quick Response (QR) payment technology in Uganda to extend the reach ...
Courtesy M-KOPA Solar/ALLAN GICHIGI The M-KOPA Solar TV connects to Kenya’s digital television network of about 30 free channels, screening soap operas, premier league football games and marathons.
Nearly half of all M-KOPA’s customers are first-time smartphone users, and 4 out of 5 customers report the quality of their lives has improved because of M-KOPA’s innovative products and services.
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AllAfrica on MSNDevice Financing Models Empowering Ugandans to Build Businesses and Boost Incomes
Device financing is transforming lives in Uganda by giving ordinary citizens affordable access to smartphones and other essential tools.Flexible, pay-as-you-go payment plans are helping Ugandans start ...
M-Kopa Kenya operates as an asset finance company, offering a variety of products, including smartphones, which are sold to customers on credit through a model known as “pay-as-you-go”.
M-Kopa estimates a customer saves about $750 over the first four years by switching to its basic solar kit. The interest M-Kopa charges is high by U.S. or European standards.
M-KOPA’s total equity raise stands at $190 million. Previous backers such as the CDC Group and Lightrock took part in this round alongside LocalGlobe’s Latitude Fund and HEPCO Capital Management.
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