Browsing: pay-as-you-go

M-KOPA CEO Jesse Moore with staff in M-Kopa’s Kisumu office. www.theexchange.africa
  • 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