Pan-African fintech company M-KOPA has once again landed on the Financial Times list marking its fourth consecutive appearance. The accolade highlights not only the companys consistent growth but also its enduring impact in expanding access to credit and financial tools for underserved consumers across the continent.
Founded with a mission to deliver life-changing products to unbanked everyday earners, M-KOPA has hit major growth milestones in recent years. The company posted a 42 compound annual growth rate CAGR from 2020 to 2023, and its momentum hasnt slowed. In 2024, M-KOPA saw revenue soar by 65 year-on-year , with projections placing the business on track to surpass 500 million in annual revenue by 2025 .
M-KOPAs model is simple but powerful: provide affordable, financed smartphones to low-income earners many of whom are coming online for the first time and offer mobile financial services through those devices. From credit to insurance and subscription products , M-KOPAs platform is tailored for non-salaried earners, a segment expected to represent over 1 billion adults in Africa by 2040.
The companys data-driven approach has been a key differentiator. Thanks to digital payments infrastructure, M-KOPA now processes around 15 payments per second , giving the fintech real-time insight into the spending behaviours and credit needs of its growing customer base.
Pan-African scale-up with Kenyan rootsWhile M-KOPA was born in Kenya, 2025 marks a tipping point for the fintech: it now acquires more customers outside of Kenya than within . Expansion into Nigeria, Ghana, Uganda , and most recently South Africa , has propelled its pan-African ambitions.