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Browsing: equity financing
- M-KOPA enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor.
- M-KOPA has raised $190 million over the past decade
- M-KOPA is known majorly for its pay-as-you-go (PAYG) financing model that allows customers to build ownership of appliances over time by paying an initial deposit followed by flexible micro-payments
- M-KOPA is looking to expand its flexible daily and weekly payments model by scaling financial services products such as health insurance, cash loans and BNPL merchant partnerships
M-KOPA began commercial sales in Kenya in October 2012 following 2 years of piloting and development.
The young startup expanded to Uganda a year later and commenced operations in Tanzania in late 2014.
The company, led by co-founder and CEO Jesse Moore started with solar-power home systems targeted at lower-income and rural customers without electricity in Kenya, Tanzania and Uganda.
Known majorly for …