M-KOPA Has Reached 10 Million Customers
The fintech company marked its 15th anniversary by announcing a significant revenue milestone for the 2025 financial year.
Updated on Oct. 8, 2026 in Corporate Finance
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Fintech firm M-KOPA has reached 10 million total customers following a period of rapid expansion. The company also reported $600 million in revenue for the 2025 financial year, reflecting a 45% increase compared to the previous year.
Why it matters
M-KOPA provides essential financing for phones, loans, and electric vehicles to underserved populations with irregular incomes. Its growth is driven by its 2020 expansion into smartphone financing, which serves as a vital tool for financial inclusion.
M-KOPA generated $600 million in revenue during the 2025 financial year, representing a 45% year-over-year increase. The firm now employs 2,500 people and maintains a distribution network of nearly 50,000 sales agents.
The players
M-KOPA
This fintech company specializes in providing asset financing and micro-loans to underserved populations across Africa.
The details
The company supports its growth through a model that allows customers to make incremental payments for life-improving products. Beyond its financial services, M-KOPA has financed over 10,000 electric motorcycles and three-wheelers in Kenya and established a local smartphone-assembly factory.
Timeline
M-KOPA began operations in 2011 providing financed solar systems.
The company expanded into smartphone financing in 2020.
M-KOPA earned $600 million in revenue during the 2025 financial year.
The company marked its 15th anniversary in October 2026.
Market Landscape
M-KOPA's growth underscores the scalability of fintech solutions targeting the unbanked sector in African markets. This performance signals a strengthening position for the company against competitors seeking to capture market share in regions with high smartphone adoption.
Customers benefit from increased access to affordable financing for smartphones and electric transportation, which can improve daily connectivity and work productivity. The expansion of local assembly operations in Kenya may also contribute to broader job creation in the region.
The takeaway
The company's success demonstrates that scalable financial products can effectively serve individuals who lack traditional banking access. Future growth will likely depend on the continued adoption of its financing models for electric mobility and smartphone technology.
Further reading
For more information on the industry, visit Corporate Finance.
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Do you believe using financing to purchase everyday items is a good financial strategy?
