M-KOPA Marks 15 years with 10 Million Customers
M-KOPA is marking its 15th anniversary after reaching 10 million customers since its founding in 2011. The pan-African fintech also reported record revenue of US$600 million for the 2025 financial year, up 45% from 2024.
Of the 10 million customers reached since inception, three million customers joined M-KOPA during the past 12 months, reflecting continued demand across Kenya, Nigeria, Ghana, Uganda and South Africa.
Revenue growth was matched by continued investment in the team. M-KOPA added approximately 200 new full-time roles - a 9% increase in headcount - while more than 5,000 new sales agents joined its distribution network.
"2025 was a record year for M-KOPA, with customer and revenue growth reaching new highs", said Chief Financial Officer Faraimose Kutadzaushe. " We maintained profitability while reinvesting as much as possible in our products, technology and distribution to scale our reach across Africa’s massive, underserved market of everyday earners. We are still very early in our growth trajectory.”
M-KOPA employs over 2500 FTE and has created income generation opportunities for its nearly 50,000 sales agents. The company currently onboards approximately 10,000 new customers per day, and receives micropayments at a rate of 23 times per second.
Increasingly, the majority of customers use more than one M-KOPA product over the course of a multi-year relationship, including smartphones, digital loans and electric mobility products.
Founded initially as a provider of financed solar systems, M-KOPA expanded into smartphone financing in 2020. Since then, the company has recorded a five-year compound annual growth rate of 50% and has been recognized as one of the largest and longest-standing companies to feature on the Financial Times’ annual list of Africa’s fastest-growing companies.
M-KOPA has also recently introduced electric-vehicle financing and is emerging as a leading provider in Kenya, with more than 10,000 electric motorcycles and three- wheelers financed and now in operation across the country.
The company has increased its investment in the design and manufacture of affordable, high-quality smartphones, including through technology acquisitions and the opening of Africa’s largest smartphone-assembly factory in Kenya. Its latest generation of smartphones, the X4 series, launched this month.
M-KOPA @ 15 years: Regional Quotes
Martin Kingori, Managing Director, M-KOPA Kenya, said: “15 years in, we are still incredibly proud of how M-KOPA transforms lives. Our customers' earnings have increased, and they feel more financially secure. Overall, 9 out of 10 report a direct improvement in their quality of life in 2025. That’s the kind of impact we are committed to keep scaling.”
Brendah Nambalirwa-Tzadok, General Manager, M-KOPA Uganda, said: “Since 2013, we have worked to break down the barriers to formal financial services for Every Day Earners in Uganda. Today, we have grown to more than 1 million customers. Behind that number are people earning more, feeling more financially secure and building a better future. That's the impact we're committed to keep scaling.”
Babajide Duroshola, Managing Director, M-KOPA Nigeria, said: “Since 2019, we have been breaking down barriers to formal financial services for Every Day Earners across Nigeria. In 2025, 77% of our customers used their smartphones or digital loans to generate income, and 81% of long-term customers reported improvements in their household expenses. We are committed to scaling that impact.”
Chioma Agogo, General Manager, M-KOPA Ghana, said: “For many Every Day Earners in Ghana, M-KOPA is bringing financial services within reach for the first time. In 2025, 44% of customers reported accessing a financial product or service for the first time, and 67% accessed health insurance for the first time through our partnership with Turaco. That's the impact we're committed to keep scaling.”