M-KOPA has successfully raised over USD $250 million in investment, reflecting strong confidence from investors in its innovative fintech platform dedicated to providing affordable products and services to underserved populations in Ghana and beyond.
Target Information
M-KOPA is an innovative fintech company that has successfully reached over three million customers, notably welcoming its 3 millionth customer, Halimatu Saia Sulemana, in Ghana. The company specializes in providing affordable energy solutions and essential products through a unique pay-as-you-go model, enabling access for underserved populations.
Since its inception in 2010, M-KOPA has diversified its offerings beyond solar energy products to include appliances such as TVs, fridges, and smartphones, which are vital for digital inclusivity. Currently, the company is testing electric motorcycles to address transportation needs while supporting sustainability initiatives.
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Industry Overview in Ghana
The fintech landscape in Ghana is growing rapidly, driven by increased mobile penetration and an urgent need for financial inclusion. With about 50% of the population unbanked, there
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Disclosed details
Transaction Size: $250M
Equity Value: $37M