M-KOPA is a UK-based fintech company that produces smartphones integrated with financial services to promote financial inclusion in Africa.
Kenyan Lawmakers Push for Stronger BNPL Regulations Amid Consumer Exploitation Concerns
Kenyan lawmakers are intensifying scrutiny of BNPL financing companies following consumer complaints. The Finance and National Planning Committee plans to engage the Central Bank of Kenya regarding consumer protection.
African startups raise $2.16B in nine months as debt falls 33%
African startups raised $2.16 billion between January and September 2026, a 4% decrease from 2025. Equity funding reached $1.5 billion, marking a 23% year-on-year increase.
M-KOPA reaches 10 million customers as its fintech model expands across Africa
M-KOPA reached 10 million customers across Africa, marking a 45% revenue increase to $600 million in 2025. The company added three million customers in the past year, expanding its reach in Kenya, Nigeria, Ghana, Uganda, and South Africa.
Debt Now Drives Nearly Three-Quarters of African Startup Funding as Equity Hits a Multi-Year Low
African startups closed 44 funding rounds worth $100,000 or more in July 2026, raising a total of $102 million. Equity funding dropped to $25 million, the lowest since April 2019.
M-KOPA Reaches 10 Million Customers Across Africa
M-KOPA has surpassed 10 million customers across Kenya, Uganda, Nigeria, Ghana, and South Africa. The company achieved this milestone in just six years after entering the smartphone financing market in 2020.
