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Did you know that in Sub-Saharan Africa, women are still 28% less likely to own a smartphone than men, shutting them out of valuable economic opportunities? Closing this gender gap is crucial for driving inclusive financial and digital transformation across the continent. We’re excited to share that M-KOPA’s gender gap has halved over the past five years, increasing female customers from 28% in 2020 to 40% in 2024. To further this progress, we’re partnering with Yale Inclusion Economics and Caribou Digital, supported by the Bill & Melinda Gates Foundation, to connect more women with affordable financial and digital products that enhance their livelihoods. We are also piloting a solution with our partner, Learn.Ink on the use of digital learning programs to enhance women’s productive use of smartphones Check out our impact report to learn more below
In this video, Raymond dives into the latest features and specifications of the X20, M-KOPA’s new white-label smartphone. Perfectly designed for performance and convenience, the X20 offers incredible value at an affordable price. Join Raymond as he explores the X20's design, functionality, and performance. Whether you’re looking for a reliable daily driver or an affordable device packed with premium features, the X20 has you covered! 🔗 For more details, visit Our Website m-kopa.com 📲 Stay connected with us on social media: Instagram: @mkopake Facebook: @mkopakenya
Join us as we celebrate our 4 Millionth Customer. Meet Mpho Tshoeonyane from Soweto, South Africa. Mpho is an entrepreneur, who uses her M-KOPA smartphone to connect with her customers and market her business. Welcome to the M-KOPA family Mpho!
We are incredibly proud to share that M-KOPA has been listed as one of Financial Times Africa's Fastest Growing Companies 2024. This makes us one of 17 companies to be recognised for the third consecutive year. This ranking, done in partnership with Statista, is a testament to the substantial growth we have recorded in our efforts to bridge financial and digital inclusion through affordable financing for smartphones, electric motorbikes and digital financial services, such as digital loans and health insurance, in respective markets. Our growth trajectory has been incredible. We have expanded our presence to five African countries: Kenya, Uganda, Nigeria, Ghana, and South Africa, and have unlocked over $1 billion in digital credit for over 4 million people. Additionally, we established Kenya’s first local smartphone assembly factory, we directly employ more than 2,000 people and create a source of income for over 20,000 individuals on our sales agent network. We are thankful to be recognized by Statista and Financial Times as a driving force in the global economy and are excited to achieve new milestones for Africa. https://lnkd.in/dzJa_HvU #AfricaFastestGrowingCompanies #Fintech #FinancialTimes
“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://www.ifc.org/en/stories/2024/bridging-the-finance-gap-for-women-entrepreneurs-in-kenya #FinancialAccess #DigtialInclusion
🎙 End this week on a high note with this insightful podcast! Our General Manager, Uganda Juan de Francisco Rasheed, recently joined Aggie Patricia Turwomwe on the ON Uganda Podcast. In this wide-ranging conversation, Juan explains how M-KOPA's unique lending model provides a flexible and accessible solution that creates a positive socio-economic impact for customers. He also touches on our company culture, some of our recent milestones, how we navigate some of our operational challenges, and what sustainability means to us. 💎 Listen towards the end for a cool fact about his interests outside of M-KOPA, and you'll be in for a welcome surprise! Hear more from Juan below 👇 https://podcasts.google.com/search/on%20uganda
🌍 Building trust, streamlining workflows, and redefining finance in sub-Saharan Africa! 📊 M-KOPA's Data Science team is using Weights & Biases Model Registry to manage their ML models efficiently. With a focus on fairness and inclusivity, they ensure compliance while transforming financial access. 🤝 #ML #Inclusion #Finance #DataScience #TechForGood
📢 Don't miss this amazing video showcasing our game-changing partnership with Standard Bank! Hear firsthand from our visionary founder, Jesse Moore, as he shares the incredible impact M-KOPA is making and how we're revolutionizing financial access in Africa. Witness the life-changing stories and be inspired by our mission to transform lives across the continent! 🌍💫
We had the honour of celebrating this amazing milestone with our three millionth customer, Haliumatu Sadia, joined by Chioma Deborah Agogo, our General Manager of M-KOPA Ghana. We strive to continuously empower communities across Sub-Saharan Africa and grant them access to a wide range of life-enhancing products, including smartphones, medical coverage, and digital cash loans, along with a host of other services. Looking forward, we are excited to continue to empower millions more across Africa, enabling financial independence and resilience for all.
Our Director of Strategic Finance, Tsakane Ngoepe, recently had an insightful conversation with Uche Okoronkwo of CGTN Africa, shedding light on M-KOPA's ambitious growth plans across Sub-Saharan Africa following our successful fundraise of over $250 million in debt and equity. “Our goal at M-KOPA is to build a long-term financial relationship with our customers where over time, we understand their needs better and empower them to become more financially resilient.” We believe that by providing innovative credit solutions, we can drive financial inclusivity and positively transform lives. To learn more about our future growth plans and how we are continuously improving people's lives through our life-enhancing product range and financial services, watch the full interview with Tsakane here: https://lnkd.in/eKeYsjvY
