M-KOPA
Connected asset financing platform for underbanked consumers in emerging markets.
What it does
Founded in 2011 by Jesse Moore, Nick Hughes, and Chad Larson, M-KOPA is a fintech platform providing pay-as-you-go asset financing for connected devices, solar power systems, and mobility. M-KOPA uses IoT technology embedded in financed hardware to unlock digital micro-loans and credit building for millions of unbanked users across Kenya, Nigeria, Uganda, Ghana, and South Africa.
Smartphone FinancingSolar Asset FinancingMicro-LendingDigital Credit Scoring
Known for
- IoT-enabled pay-as-you-go asset financing
- Smartphone financing in Nigeria
- Solar energy accessibility
Model & industry
B2CFinancial ServicesConsumer ElectronicsClean Energy
Funding history
$159.0M
Total raised
4
Rounds
Series E
Latest stage
2023
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2023-05 | Series E | $55.0M | Sumitomo Corporation |
| 2022-03 | Growth | $75.0M | Generation Investment Management |
| 2017-10 | Growth | $10.0M | FinDev Canada |
| 2015-12 | Series D | $19.0M | Generation Investment Management |
Source: Condia Funding Tracker
Products & subsidiaries
M-KOPA Smartphone Financing · BNPL Credit Line
In the News
- 2023-05-15 · M-KOPA secures $250M in debt and equity funding to scale asset financing across Africa · TechCrunch