M-KOPA is a UK-based fintech company that produces smartphones integrated with financial services to promote financial inclusion in Africa.
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.
M-KOPA reaches 10 million customers, six years after its first million
M-KOPA serves 10 million customers across Kenya, Uganda, Nigeria, Ghana, and South Africa. The company onboards about 10,000 customers daily as it scales its lending business.
Why M-KOPA is using smartphone repayments to expand digital lending
M-KOPA has served nearly 10 million customers and deployed over $2 billion in credit. The company uses smartphones as a gateway to offer digital credit and other financial services.
Kenya’s new tax proposals threaten M-KOPA, Sun King phone assembly plants
The Finance Bill 2026 proposes a 25% excise duty on domestically manufactured smartphones. Locally assembled smartphones will lose their zero-rated VAT status, raising their costs.
M-KOPA unlocks $22.5 million in credit in South Africa as women drive uptake
M-KOPA has extended over ZAR 370 million ($22.5 million) in credit to low-income consumers in South Africa since 2023. 49% of M-KOPA's 105,000 customers are women, with 36% being first-time smartphone users.
