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
M-KOPA
Financial Services
Our mission: To make financing for everyday essentials accessible to everyone
About us
Founded in 2011, M-KOPA is a fintech platform that provides digital financial services to underbanked consumers by leveraging data to combine digital micropayments with the Internet of Things [IoT] technology. With operations in Kenya, Uganda, Nigeria, Ghana and South Africa, M-KOPA’s flexible financing platform has provided over $1 billion in credit and enabled over 4 million customers to access smartphones, digital loans, health insurance and other life enhancing products & services. The company directly employs over 2,000 people across Africa and has created a direct sales force of over 30,000 agents across five markets.
- Website
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http://www.m-kopa.com/
External link for M-KOPA
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- Nairobi
- Type
- Privately Held
- Founded
- 2011
- Specialties
- smartphones, fintech, and digital finance
Locations
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Primary
Nairobi, KE
Employees at M-KOPA
Updates
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Chioma Agogo, M-KOPA's General Manager for Ghana, recently spoke at the Gender and Growth Gaps in Sub-Saharan Africa - Research and Policy Dialogue. She joined a panel with Christopher Ssali, Maty Konte (Dr.), Roselyn Adadzewa Otoo, and Iyabo Olanrele on a panel to discuss the impacts of increased phone ownership on women and men, access to digital financial services, and other uses of digital technology. The event was co-organised by the African Center for Economic Transformation (ACET), Yale Economic Growth Center, and Inclusion Economics at Yale University, with the support of the Bill & Melinda Gates Foundation, to spotlight current policy needs and research insights on the drivers and consequences of gender gaps in twenty-first-century sub-Saharan Africa. #GenderParity #EconomicGrowth #MKOPA #AfricaTransformation #DigitalInclusion
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We finance progress for millions of customers every day. Meet Mpho, an entrepreneur from Soweto, South Africa, who is using her M-KOPA smartphone to connect with her customers and grow her business! As a trusted financial partner for our customers, we are making financial inclusion and digital connectivity a reality for millions across the continent. Here's to continuing our journey towards enabling digital connectivity for all. 4 million customers strong and counting! #EmpowerAfrica #DigitalConnectivity #FinancialInclusion #4MillionStrong #ProgressForAll
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Closing the gender digital divide is about more than logging on. Bridging the gap would not only transform the lives of women and girls around the globe, but it would also transform the global economy. Join the launch of the Women in the Digital Economy Fund Round 2 on 17 July to hear how private sector enterprises can apply for technical assistance to address the gender digital divide. Catch Tsakane Ngoepe, our Lending Platform Product Director, in a fireside chat. She will discuss M-KOPA's offering to make smartphones more affordable, especially for women. https://bit.ly/3x1DEI5
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Last Wednesday, our General Counsel, Jesse Z., spoke at a webinar organised by Global Alliance of Impact Lawyers (GAIL) Africa in partnership with Cambridge Institute for Sustainability Leadership (CISL), Stories Evolved, and Puxley ESG. The webinar explored how African lawyers can balance business interests with the evolving regulatory demands of the Global North, the impacts of climate change and biodiversity loss and social issues in Africa. The conversation also touched on the impact that Global North regulations and policies have had on Africa and the role of lawyers in ensuring the right balance of economic and social development for the transition to cleaner energy sources. M-KOPA is proud to prioritise a sustainable approach to affordable financial services to positively impact the environment and the well-being of individuals and communities. Thanks to the GAIL Africa team for hosting an insightful conversation.
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“Thanks to my smartphone, business is booming" - Regina Musyoka When entrepreneurs in Africa have access to finance and smartphones, it opens up many investment and business growth opportunities. However, only an estimated 7% of women-owned MSMEs in Kenya have formal access. Hence, in 2023, we partnered with the IFC - International Finance Corporation to expand finance and digital opportunities for more women. Today, women like Regina Musyoka and Francisca Endoli have begun to see positive results after getting a smartphone through our digital micropayment model. They are reaching new customers using social media and have seen their businesses and income levels improve. 1 in 2 of our customers use their M-KOPA smartphones for income generation, with 82% reporting income growth. This is why we pride ourselves on being an African Fintech company that has unlocked more than $1 billion in credit for over 4 million customers in Kenya, Uganda, Nigeria, Ghana, and South Africa. Follow this link to find out how this partnership expands growth opportunities for women-led MSMEs in Kenya: https://lnkd.in/ewiMne4x #FinancialAccess #DigtialInclusion
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Throwback to the Builders Summit by Founders Connect in Lagos, Nigeria. Our General Manager, Babajide Duroshola, delivered a keynote speech on “Excellent Execution Through Ownership” within the tech ecosystem. The event brought together over 1,200 tech professionals, founders, investors, and creators for a day filled with insightful sessions, networking, and innovation. Many thanks to Founders Connect for providing a platform for the brightest minds in tech to have important conversations that would shape the future. #TheBuilderSummit #FoundersConnectLive #TechInAfrica
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Reflecting on Jesse Zigmund’s participation at Bowmans (Law Firm) Annual Law Conference recently. He joined Charles Young, Agnes Kariuki, Jacqueline Mgosh and JUANITA MRAMBA on a panel moderated by Christina Nduba-Banja to discuss how ESG is increasingly becoming a key issue for organisations and the role of the legal team in addressing it. It was a valuable opportunity to exchange ideas and insights with industry leaders in pursuit of service excellence for organisations investing and operating across Africa. Looking forward to continued collaboration and innovation in the legal space.
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What an eventful and inspiring time in our mission to finance progress. Our CEO, Jesse Moore, joined the Kenyan delegation, led by H.E President William Ruto, on a state visit and dinner with the U.S. President, Joe Biden, to mark a new era of technological cooperation. Jesse also joined Scott Nathan, CEO of U.S. International Development Finance Corporation, for the ceremonial signing of a new $51 million sustainability-linked DFC commitment. This commitment will support our ongoing efforts to scale digital connectivity in Kenya by enhancing smartphone access and affordability. We will be able to improve the lives of millions of new customers by enabling them to connect to the internet and become active participants in the digital economy. Our local smartphone assembly factory, which creates highly skilled technical jobs for Kenyans, will also expand our capacity to achieve this ambitious target. M-KOPA remains focused on expanding its impact and identifying opportunities to drive digital connectivity and inclusive development. This will support the government’s target of increasing smartphone adoption for 10 million Kenyans. We are honoured to have been a part of this historic event with H.E President Ruto and his delegation, which marked the first US State Visit by an African leader in 16 years. #DigitalInclusion #Connectivity #FinancialInclusion #EconomicDevelopment