M-KOPA has unlocked $1.6 billion in credit for low-income consumers in Kenya since 2010, according to its first country-specific impact report, underscoring the company’s expanding role in digital inclusion and financial access.
The Nairobi-based asset-financing firm said it has now served 4.9 million customers, enabling them to acquire smartphones, solar systems and other essential digital products through its pay-as-you-go platform. The report shows 4.5 million smartphone users on the platform, including 2.1 million first-time owners, highlighting the company’s reach in one of Africa’s most dynamic mobile-first markets.
M-KOPA said its products are increasingly tied to income generation: 67% of customers use financed devices for economic activity, and 52% report higher earnings after joining the platform — a sign of the expanding role of digital tools in Kenya’s informal economy.
The fintech spent $156 million on local procurement in 2024, part of its broader economic contribution in the country. It employs 1,320 staff, works with 14,000 sales agents, and paid KES 3.79 billion ($29 million) in taxes last year.
Its Nairobi smartphone assembly facility has produced 2 million devices, supporting local manufacturing capacity and advancing circular-economy practices through refurbishment and repair programs.
The company also reported a cumulative climate impact of 2.03 million tonnes of CO₂e avoided, driven by its solar energy products, refurbished devices and growing e-mobility business. M-KOPA has sold more than 5,000 electric motorbikes in Kenya as it targets the fast-growing delivery and mobility markets.
M-KOPA said the Kenya Impact Report is the first in a series of market-level disclosures intended to increase transparency for investors, regulators and partners as it scales its operations across Africa.
