M-KOPA

In the face of global challenges, the need for sustainable, customer-centric business models that balance profitability with environmental and social responsibility is more urgent than ever. With over 30 million internal combustion motorbikes on Africa’s roads, the health and environmental stakes are high—but there’s a solution: aligning profit with purpose. That’s why entrepreneurs like Janet inspire us. Janet, a Kenyan entrepreneur, entered the male-dominated motorbike rental business, but managing her fleet was challenging. After switching to M-KOPA’s electric motorbikes, which reduce CO2 emissions and toxic air pollution by more than 90% and come equipped with tracking systems for efficient management, her business grew from one to three bikes in just two months. Now, she’s even teaching her daughter the business. For Janet, profit met purpose—and she’s thriving. Stories like Janet’s push us to innovate further. So far, we’ve sold 1,500 electric bikes, avoided 2.1 million tonnes of CO2, and improved energy access for over 1 million people. Check out our impact report to learn more: https://lnkd.in/eSaD6_eJ #MKOPA #Impact #Climate #Emobility

We’re excited to announce yet another milestone – M-KOPA South Africa celebrated their 1 year since launch --- Happy 1st Birthday M-KOPA Mzansi 🎉 What a journey it’s been! The SA team have set a record in the business by becoming our fastest-growing market from launch to month 12 - now a team of 200 strong, with 1000 sales agents and over 30,000 customers! We’re proud to have made financial progress a reality for thousands of South Africans. “It’s been an incredible journey—from a small, ambitious and purpose-driven team to a fast-growing company serving over 30,000 customers and creating 1,000+ opportunities to earn for our sales agents. I’m humbled by the unwavering dedication of our team and agents.” Cameron Kyle Perumal, Director of International Strategy & Growth at M-KOPA. “I’d like to take the opportunity to thank the leadership team which has played pivotal role in our success thus far: Damaris Mutheu, Tevin Okalo, Njamba Kapalu, @Jennifer Letho, Bertina Tshabalala, MBA, Rose Naicker CA (SA) & Natalie M.” From our first smartphone sale in Soweto, we’ve hit milestone after milestone, but here are a few that truly stand out: •Enabled over 1000 agents to earn income / 70% women and more than 50% previously unemployed. • Paid millions of rands in commissions to our agents. • Consistently delivered top-tier service to our customers, 73 NPS. • Expanded across 3 provinces in South Africa, creating opportunities along the way. Our recent Agent Town Hall was a true celebration of M-KOPA's culture, energy and purpose-in-action! We celebrated our top performers and gave our agents a chance to network and learn from each other. A HUGE thank you to our CFO Faraimose Kutadzaushe, CFA, and our COO Haijo Kuper for joining us on the day. Here’s a sneak peek at M-KOPA SA! We’re excited for what’s next as we continue to create opportunities, uplift communities, and deliver excellence! #ProudlyGrowing #NextMilestone #financialinclusion #digitalconnectivity #impact #celebrating5millioncustomers

We are thrilled to announce that Rajeev Suri will assume the role of Chair of our Board, effective 1st of December 2024  Rajeev brings in a wealth of experience from his leadership roles across the technology and telecommunications sectors globally, having previously served as CEO of Nokia and Inmarsat, in addition to his current roles as Chair of Digicel Group and Board Director at Singtel and Viasat.  His deep knowledge and expertise will be fundamental in guiding our strategy as we enter this next phase of growth and continue to scale our reach and impact across emerging markets. We would like to thank Elizabeth Littlefield for her leadership as Chair over the past six years. Under her stewardship, the board has led M-KOPA through a period of transformation and rapid growth. We are grateful to continue to benefit from Elizabeth’s experience as she assumes the role of independent director and chair of our ESG and Impact committee. We’re honoured to welcome Rajeev Suri to our Board and look forward to achieving our growth ambitions with him at the helm as we continue on our mission of  financing progress for the millions of hard-working micro-entrepreneurs and every day earners across the continent and other emerging markets. Read our full announcement here: https://lnkd.in/dgMeREFS

Last Wednesday, our Nigeria General Manager, Babajide Duroshola, took the stage at Moonshot by TechCabal 2024, speaking on two impactful panels: “Let’s Build, Africa” and “Building World-Class Teams.” He shared strategies for hiring and retaining top talent in Africa’s competitive market and offered insights on scaling businesses across the continent. At M-KOPA, we’re passionate about empowering our teams and helping them progress in their career paths, as we grow together and expand our footprint across the continent. Powered by world-class talent, we are creating pathways to success that fuel growth and opportunity for all. 🌍🚀 Thank you, to the TechCabal team for facilitating such valuable discussions and for allowing us to share our insights on building a stronger, more connected Africa. #Moonshot2024 #AfricaTech #TalentDevelopment #BusinessExpansion #MKOPA #Innovation #DigitalTransformation

Our very own Babajide Duroshola, Nigeria General Manager, will be taking the stage at Moonshot by TechCabal tomorrow in Lagos. Babajide will be speaking on two separate panels, the Let’s Build, Africa! and the Building World-Class Teams panels. 🌍 During his engagements, Babajide will share strategies for hiring and retaining top talent in Africa’s competitive market, as well as offer key insights on how businesses can scale and expand to new markets across the continent. Make sure to catch Babajide if you're at Moonshot or join us by registering here: https://lnkd.in/dv4WWD6m

Catch our President and Managing Director, Mayur Patel, AFSIC - Investing in Africa today, Monday, 7 October. He will join Amanda Kabagambe, Dave Van Niekerk, Alexandre Liege and Jeremy Quainoo on the Fintech Innovation Panel to discuss Investing in Africa's Fintech Boom. The conversation would explore the crucial role Africa's fintech sector plays in driving financial inclusion, fostering innovation, and boosting economic development. #afsic2024

🎉 We’re beyond thrilled to announce that M-KOPA has officially surpassed 5 million customers, unlocking $1.5bn in credit across 5 markets -  Kenya, Uganda, Nigeria, Ghana, and South Africa. Our affordable quality smartphones embedded with financial services have enabled ‘Every Day Earners’ access to the digital economy, reflecting the transformative impact we are making on our customers. According to the World Bank, 75% of adults in sub-Saharan Africa are still financially excluded. We are gradually changing the narrative. And as the world focuses on progress at UNGA and Climate Week, we’re proud to share our 2024 Annual Impact Report_Pathways To Progress, highlighting our growth on social and environmental impact. 🌍 🔑 Key Impact Highlights: - 92% of customers say M-KOPA has made technology more affordable - 80% report an improved quality of life - 70% credit M-KOPA with helping them achieve financial goals - 60% use their M-KOPA products to generate income - 40% of our customer base is now women—25% higher than the African average, helping us close the digital gender gap. Our CEO Jesse Moore sums it up: “We’re just getting started; the opportunity for much larger impact and scale is right in front of us.” We’re excited for the road ahead and the many more milestones of financing progress to come!

Thank you to London Stock Exchange for highlighting our impact and growth across Africa in their ‘Be Inspired’ series. During the discussion, our Co-Founder and CEO Jesse Moore spoke to Julia Hoggett, CEO of the London Stock Exchange, about M-KOPA’s business model saying: "The pursuit of building M-KOPA has been to find that infinitely commercially sustainable model. Now, we’re very much on that with hundreds of millions of dollars in revenue; growing at over 50% year over year and reaching millions of customers per year" To discover how M-KOPA’s innovation is turning smartphones into impactful tools to unlock comprehensive financial services and how we are bridging the gap towards financial inclusion and digital connectivity across Africa, dive into this deeply insightful interview below. https://lnkd.in/etRTt9yy #LSEG #Fintech #Africa #MKOPA

Curious about how our digital micropayment model makes digital financial services affordable and accessible, especially for women? Our Product Director, Tsakane Ngoepe, explains this in a fireside chat with Revi Sterling, Technical Director, WiDEF, CARE, for the launch of Round 2 of WIDEF technical assistance. She also talks about the private sector's role in closing digital inclusion gaps and addressing the challenges that limit women’s participation in the digital economy. #DigitalInclusion #WiDEF #TechForGood #Innovation #GenderEquality #DigitalEconomy