Financial inclusion drives African fintech M-KOPA to $400M in ARR

Quick Summary:

Now, M-KOPA, the pay-as-you-go asset financing platform serving 5 million underbanked Africans, is racing toward a major milestone: surpassing an annual revenue rate of $400 million by year-end.

An African fintech that has grown on the strength of a 30,000-strong team of direct salespeople is moving into profit country by sub-Saharan country.

The London-headquartered fintech ended last year with 4 million customers and $248 million in ARR, making this jump particularly notable given the harsh economic backdrop.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets: United StatesGhanaKenyaNigerNigeriaSouth AfricaUganda

Topics: M-kopa revenues Exclusive M-kopa Fintech Africa M-kopa profitability

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 09:53:50 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1118 words

Reading Time: 7 minutes read

Sentences: 43 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23917039

View Article Analysis

About TechCrunch

Main Topics: Technology

Official Website: techcrunch.com

Update Frequency: 13 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #20

Publisher Details

Frequently Asked Questions