African Fintech Platform M-KOPA Expands Operations to Ghana
M-KOPA, an African fintech platform that provides digital financial services to underbanked consumers by leveraging data to combine digital micropayments with the Internet of Things [IoT] technology, has expanded operations to Ghana.
The startup expansion to the West African country, is a move to strengthen its pan-African footprint to provide financial and digital inclusion for the underbanked.
Leveraging key partnerships with Samsung and Nokia, M-KOPA has provided financing to over 100,000 people and unlocked more than $10 million in digital credit for customers in Ghana.
Speaking on the company’s expansion to Ghana, M-KOPA’s Chief Commercial Officer Mayur Patel said,
“As a truly inclusive fintech on a mission to improve financial and digital accessibility, Ghana presents an exciting opportunity for us to expand our impact. Our customer-centric approach will enable us to enhance the day-to-day quality of people’s lives. We are thrilled by the success of the first phase of our entry in Ghana and are on track to serve more customers across the country.”
Also commenting on the expansion, the General Manager of M-KOPA Ghana, Chioma Agogo said,
“We are incredibly proud to announce the official launch of our successful operations in Ghana. This move represents a pivotal step in M-KOPA’s journey to inclusion and underscores our tangible impact and commitment to empowering the customers we serve in Ghana”.
Founded in 2010 with the idea of combining the power of digital micropayments with GSM connectivity to make life-enhancing assets more accessible.
Since then, M-KOPA has built one of the world’s most advanced connected financing platforms, deploying $1 billion in products and credit to the financially excluded.
The startup believes that everyone should have the power to achieve progress in their lives and M-KOPA’s solutions unlock this power. Also, its financial offerings are designed for the realities of the financially excluded, tested and improved through a decade of experience, and proven through the successful repayment of millions of customers.
With operations in Kenya, Nigeria, Uganda, Kenya, and its recent expansion to Ghana, M-KOPA’s growth trajectory has been impressive, expanding its operations across multiple African countries.
