263:
for
Emerging Markets at the Global Mobile Awards. M-Kopa was named on MIT Technology Review's 2017 list of 50 Smartest Companies in June 2017. In March 2016, it emerged boldest at the Financial Times Arcelor Mittal – Boldness in Business Awards in the developing markets category. Fast Company listed M-Kopa in the 2018 Edition of the World's Most Innovative Companies and number four out of 10 in Africa. The company was also named among the global Cleantech 100 companies in 2019.
231:, a mobile phone based money system, at about 45 cents a day. This way, in addition to getting solar power, customers also slowly off-set the cost of the device. As of 2015, after 12 months of regular payments, the solar system is fully owned by the customer who can use it for free access to solar energy.
262:
for
Technology in Sustainable Finance and Excellence in sustainable finance, both in 2013. In 2015, M-Kopa was recognized by Fortune Magazine as one of the Top 50 Companies Changing the World and won the Zayed Future Energy Award 2015, In February 2016, it was recognised as the Best Mobile Innovation
247:
M-Kopa is supported by a number of partners. Mobile network operators—like
Safaricom—are partnering with M-Kopa to support mobile money and value-added services. Manufacturers and brands are partnering to provide a platform for market entry, finance and last mile access. Payments companies like
191:
It had connected over 300,000 homes in East Africa to Solar power, as of early
January 2016 In 2016, M-Kopa sold 30,000 solar TVs in Kenya, looking to add internet access. By December 2016, the company had sold around 400,000 systems in Kenya, Tanzania, and Uganda since its launch in 2011, under CEO
180:
By 2015, it said it had powered 150,000 households in Kenya, Uganda, and
Tanzania, with around 10,000 mobile payments made by users on its cloud platform, M-Kopanet, made on a daily basis. It had over $ 40 million of revenue by 2015. In 2015, M-Kopa estimated that 80 percent of its customers
195:
By
January 2018, the company had wired at least 500,000 homes, and sold about 90,000 solar rechargeable televisions. In 2018, it was reported that M-Kopa was going to acquire an additional 500,000 photovoltaic solar panels, under chairman Mugo Kibati, in an agreement with Solinc East Africa. In
129:
for borrow, stylized as M-KOPA) is an
African connected asset financing platform that provides underbanked customers in Africa to essential products including smartphones, electric motorbikes & digital financial services. M-Kopa was launched commercially in 2012 and is headquartered in
266:
In addition, M-Kopa was listed in the
Financial Times “Africa’s Fastest Growing Companies” rankings three years in a row in 2022, 2023, and 2024. The company was also included in the TIME100 Most Influential Companies list in 2023 and 2024.
347:
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The company also provides an upgrade products that include; smartphones, water tanks and fridges. In 2018, the company launched SOLAPESA – a cash loans to existing customers
150:, a mobile phone-based money transfer, financing and microfinancing service, where Moore also worked whilst completing his MBA. Larson and Moore were fellow MBA students at
244:
The company also has a dedicated and ring-fenced R&D unit, M-Kopa Labs, which deploys research grants to test new technology and extensions to the M-Kopa platform
1102:
1082:
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142:
In 2010, Moore and Hughes, with banker Chad Larson founded the start-up in
Nairobi that became M-Kopa the following year. Hughes previously set up and ran
773:
1062:
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256:
M-Kopa has received recognition from various institutions. It won the
Bloomberg New Energy Finance Award 2014 as well as two awards from the
238:(paraffin) lamps to light homes that are off electric grids. The system also helps customers who need to charge batteries and mobile phones.
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515:"East Africa: M-Kopa's Founder On Bringing Hundreds of Solar Jobs to East Africa and What He Looks for in New Hires"
589:"Kenya: M-Kopa Sells 30,000 Solar TVs in Kenya and Looks to Add Internet Access – Expanding to Uganda and Tanzania"
248:
Mastercard and challenger banks see the disruptive power of the platform on traditional clicks and mortar banking.
157:
In 2011, M-Kopa raised money with incubation by Signal Point Partners. Backing investors have included
600:
196:
February 2018, M-Kopa received $ 10 million in funding from FinDev Canada in a new funding round led by
227:(approx US$ 0.50) a day for a period of one year, to own the solar system. Daily payments are made through
1097:
174:
461:
166:
488:"M-KOPA's Founder on Bringing Hundreds of Solar Jobs to East Africa and What He Looks for in New Hires"
200:, and including existing shareholders LGT Venture Philanthropy and Generation Investment Management.
989:
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774:"Mastercard, Centenary Bank And M-kopa Solar Roll-out First Of Its Kind Energy Solution In Uganda"
668:
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According to the company, part of the business model's plan is to offset the dangerous use of
151:
192:
Jesse Moore. As of 2016, there were plans to begin manufacturing all the products in Kenya.
126:
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134:. The company is currently operating in Kenya, Nigeria, Ghana, Uganda and South Africa.
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In February 2015, M-Kopa announced a plan to blacklist defaulters on its loans with
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869:"The Boldness in Business awards: a look back at previous stories of success"
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312:"Barack Obama goes back to Kenya: 'It's like JFK going back to Ireland'"
131:
61:
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723:"Kenya's M-KOPA launches SOLAPESA to advance cash to its customers"
421:"Pay-as-you go solar takes off in East Africa | Corporate Knights"
462:"How This Solar Startup Became a Multinational Social Enterprise"
348:"Social enterprise MBA | M-KOPA Solar | SaĂŻd Business School"
640:"M-kopa strikes deal for 500,000 photovoltaic solar panels"
603:, MIT Technology Review, Jonathan W. Rosen, 2 December 2016
628:"Outdated policies, high taxes discourage uptake of solar"
613:"Solar-powered televisions brighten homes in rural Kenya"
203:
In July 2021, M-Kopa announced its expansion to Nigeria.
1045:
102:
844:"M-Kopa, Jumia Among MIT 50 Smartest Companies of 2017"
448:, Stanford Social Innovation Review, Dennis Price, 2016
990:"The ranking: Africa's Fastest Growing Companies 2024"
964:"FT ranking: Africa's Fastest Growing Companies 2023"
941:"FT ranking: Africa's Fastest Growing Companies 2022"
920:"M-KOPA named in the 2019 Cleantech 100 – TechMoran"
565:"M-Pesa solar dealer M-Kopa to blacklist defaulters"
173:Venture Philanthropy, an investment vehicle of the
96:
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819:"Press release details –Zayed Future Energy Prize"
221:(approx US$ 35), take the system home then pay 50/
1016:"TIME100 Most Influential Companies 2024: M-Kopa"
374:"TIME100 Most Influential Companies 2024: M-Kopa"
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177:. M-Kopa was launched commercially in late 2012.
295:"Pay-as-you-go solar power takes off in Africa"
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630:, Abel Muhatia, 17 January, 20178, The Star
78:Kenya, Uganda, Nigeria, Ghana, South Africa
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895:"M-Kopa Solar: Most Innovative Company"
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466:Triple Pundit: People, Planet, Profit
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51:Nick Hughes, Chad Larson, Jesse Moore
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1103:Kenyan companies established in 2011
1083:Energy companies established in 2011
772:Editor, A. D. C. (26 October 2018).
642:, Patrick Alushula, 16 January 2018
540:"M-Kopa Expanding financial access"
14:
601:"Africa Finds Power Off the Grid"
513:Odengo, Rose (13 November 2015).
748:"M-KOPA Labs | M-KOPA Corporate"
667:Aglionby, John (17 March 2016).
401:Aglionby, John (17 March 2016).
310:Mutiga, Murithi (11 July 2015).
175:Princely Family of Liechtenstein
163:Generation Investment Management
988:Pilling, David (14 May 2024).
823:www.zayedfutureenergyprize.com
181:lived on less than $ 2 a day.
1:
1063:Applications of photovoltaics
962:Pilling, David (2 May 2023).
669:"Lightbulb moment for M-Kopa"
403:"Lightbulb moment for M-Kopa"
1014:Syed, Armani (30 May 2024).
721:TechMoran (17 August 2018).
591:, AllAfrica, 2 December 2016
372:Syed, Armani (30 May 2024).
652:"M-KOPA expands to Nigeria"
211:Customers pay a deposit of
207:Business model and products
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1078:Companies based in Nairobi
59:21/7, Riverside Paddocks,
1073:Energy companies of Kenya
1088:Solar energy companies
1068:Solar-powered devices
446:"Banking on the Poor"
167:Blue Haven Initiative
1093:Solar power in Kenya
519:Akilah Net (Kigali)
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803:has generic name (
494:. 13 November 2015
91:Financial services
615:, 1 August 2016,
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87:Smartphones
1057:Categories
968:www.ft.com
778:Africa.com
271:References
213:KSh.
828:22 August
727:TechMoran
706:22 August
678:22 August
656:SautiTech
574:22 August
524:22 August
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431:22 August
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324:0261-3077
793:cite web
544:Time.com
236:kerosene
148:Vodafone
83:Products
48:Founders
32:Industry
1025:19 June
999:19 June
973:19 June
947:19 June
783:2 April
757:2 April
732:2 April
617:Reuters
492:MindSky
383:19 June
138:History
132:Nairobi
127:Swahili
97:Website
62:Nairobi
40:Founded
35:Fintech
549:30 May
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252:Awards
229:M-Pesa
215:3,500/
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