M-KOPA
M-KOPA is a connected financing platform that offers fair and flexible financing options to the underbanked in five countries, processing numerous digital payments and deploying significant credit.
Company Overview
M-KOPA is a company with a mission to serve the financially excluded through its connected financing platform. The company offers fair and flexible financing options, empowering individuals who may not have access to traditional banking services. With operations in Kenya, Uganda, Nigeria, Ghana, and South Africa, M-KOPA has become a significant player in the financial inclusion landscape.
Customer Reach
M-KOPA has amassed over 3,000,000 cumulative customers. This substantial customer base highlights the demand and importance of their services in providing financial solutions to the underbanked. The company's ability to process 500 digital payments per minute further demonstrates its capacity to serve a large and growing clientele efficiently.
Sales Force
M-KOPA employs over 15,000 active sales agents. These agents play a crucial role in bringing the company's financing solutions to underserved markets. Their efforts ensure that M-KOPA's services are widely accessible, even in remote and underserved areas.
Financial Contributions
To date, M-KOPA has deployed over $1 billion in credit to the underbanked. This significant financial contribution underscores their commitment to improving financial inclusion. Additionally, the company has raised over $250 million in new financing to further their mission and expand their reach.
Recognitions and Awards
M-KOPA has been recognized in the International Category of Fast Company’s Best Workplaces for Innovators and listed as one of Time100 Most Influential Companies. These accolades solidify M-KOPA's impact and influence in the financial technology sector, acknowledging their innovation and commitment to financial inclusion.