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M-KOPA

🌎 m-kopa.com

M-KOPA is a UK-headquartered fintech company focused on providing affordable smartphones and digital financial services to underserved individuals in emerging markets. With operations in several African countries, M-KOPA has extended over $1.5 billion in credit to more than 5 million customers through an innovative financing model that allows for daily repayments. The company leverages payments data and AI-driven analytics to build credit records for customers, facilitating access to digital loans, data subscriptions, and insurance.

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M-KOPA - Latest News and Updates

• M-KOPA introduced the M-KOPA S34 smartphone and offers hospital cover with up to 10 hospital night visits for certain loan periods.
• M-KOPA partnered with Turaco to offer free health insurance to over 1 million Kenyans by embedding Hospital Cash coverage into their smartphones.
• In 2024, M-KOPA sold 1 million smartphones, capturing over 20% market share, but faces criticism for overcharging customers through its pay-as-you-go plan.
• M-KOPA is enhancing customer experience in South Africa by leading training and monitoring performance at service centers and depots.

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