Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

African digital credit company M-Kopa signs $255 mln in new funding

African digital credit company M-Kopa signs $255 mln in new funding

AFRICAN financing platform M-Kopa has signed a total of $255 million in new debt and equity from Standard Bank and Sumitomo Corporation among others to fund its expansion in Sub-Saharan Africa, M-Kopa said on Monday. Founded in 2011, M-Kopa started its operations in Kenya and has expanded to Uganda, Nigeria and Ghana and says it has to date it has helped 3 million customers to access over $1 billion in credit to buy items like smartphones, solar power systems and health insurance. M-Kopa said Standard Bank led and arranged $200 million in sustainability-linked debt financing, while Sumitomo had injected $36.5 million in…
Read More