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M-Kopa company logo


Founded Year



Growth Equity | Alive

Total Raised


Last Raised

$75M | 1 yr ago

About M-Kopa

M-Kopa enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor. Via its BNPL service, it allows users to finance smartphones, TVs, freezers, solar lighting, and digital financial services like cash loans and health insurance. M-Kopa initially allowed paraffin users to switch to safer, solar energy through manageable daily payments. M-KOPA began by offering solar-powered home systems to low-income and rural consumers in Kenya, Tanzania, and Uganda who lacked access to electricity. M-Kopa was founded in 2011 and is based in Nairobi, Kenya.

Headquarters Location

Chania Avenue, Off ring-road Kilimani

Nairobi, 00100,


+254 0707333222

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Expert Collections containing M-Kopa

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

M-Kopa is included in 2 Expert Collections, including Renewable Energy.


Renewable Energy

4,035 items

Includes companies working on technology to support renewable energy generation.


Digital Lending

147 items

Track and capture company information and workflow.

Latest M-Kopa News

List of 22 Licensed Loan Apps in Kenya, Including Tala, M-KOPA

Jan 30, 2023

By In 2021, for instance, former President Uhuru Kenyatta signed the CBK Amendment Act, which outlines a ton of stringent regulations for loan apps. You can find more details about the laws in the link attached above. The regulations have come a long way in policing the industry; the CBK licensed 10 loan apps before the end of 2022,  and it suspended the operations for those that had not adhered to the law. These loan apps then raised their concerns just the other day, that the CBK was taking too long to issue them with licenses. To this end, it has been revealed that 12 more digital loan apps have been given a go-ahead to run their business. This is in accordance with Section 59(2) of the Central Bank of Kenya Act. This increases the number of licensed DCPs to 22, following the recent licensing of 10 DCPs announced in September 2022. The CBK has received 381 applications since March 2022 and has closely reviewed them in collaboration with the applicants. The CBK has also involved other relevant regulators and agencies in the licensing process, such as the Office of the Data Protection Commissioner. The discussions have centred on factors such as business models, consumer protection, and the qualifications of proposed shareholders, directors, and management, to ensure compliance with relevant laws and the protection of customer interests. The Bank says it appreciates the efforts of the applicants and the support from other regulators and agencies in this process. Full List of Licensed Loan apps Ceres Tech LTC Jijenge Credit

M-Kopa Frequently Asked Questions (FAQ)

  • When was M-Kopa founded?

    M-Kopa was founded in 2011.

  • Where is M-Kopa's headquarters?

    M-Kopa's headquarters is located at Chania Avenue, Off ring-road, Nairobi.

  • What is M-Kopa's latest funding round?

    M-Kopa's latest funding round is Growth Equity.

  • How much did M-Kopa raise?

    M-Kopa raised a total of $278.05M.

  • Who are the investors of M-Kopa?

    Investors of M-Kopa include Generation Investment Management, British International Investment, LocalGlobe, Broadscale Group, HEPCO Capital Management and 20 more.

  • Who are M-Kopa's competitors?

    Competitors of M-Kopa include MarketForce 360.

Compare M-Kopa to Competitors

TradeDepot Logo

TradeDepot's platform helps retailers in the consumer goods sector to distribute goods throughout Africa.

Wasoko Logo

Wasoko allows retailers from Kenya, Tanzania, Rwanda, Uganda, Ivory Coast, and Senegal to order products from suppliers via SMS or its mobile app for same-day delivery to their stores and shops via a network of logistics drivers. The company also offers a buy now, pay later option for retailers who need working capital to order more goods.


Sabi provides a technology platform that enables and empowers underserved merchants. Its commerce infrastructure enables agents, merchants, wholesalers, aggregators, distributors, and manufacturers to level up their capabilities and grow their businesses using Sabi’s technology rails. These rails facilitate access to fulfilment, logistics, ERP tools, a B2B marketplace, data insights, and financial services. The company was founded in 2020 and is based in Lagos, Nigeria.

MarketForce 360 Logo
MarketForce 360

MarketForce 360 delivers an end-to-end platform that enables consumer brands to deliver essential goods and services to retailers and consumers in Africa. It offers a buy now, pay later (BNPL) option to help merchants access fast-moving consumer goods (FMCGs) on credit. The company was founded in 2017 and is based in Nairobi, Kenya.

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