M-KOPA Unlocks $10m In Credit For Customers

Leveraging key partnerships with Samsung and Nokia, an African fintech platform, M-KOPA, has provided financing to over 100,000 people, unlocking more than $10 million in digital credit for customers in Ghana.

This is even as the Fintech platform, on Tuesday, announced the official launch of its flexible digital financing model in Ghana following a successful pilot phase.

M-KOPA’s fintech platform has steadily grown its footprint in Kenya, Uganda, Nigeria, and Ghana, with plans to expand to South Africa. The strategic move to expand its operations makes Ghana the second West African country for the company, strengthening its Pan-African footprint to provide financial and digital inclusion for underbanked customers.

M-KOPA’s çhief commercial officer, Mayur Patel, in a press statement, made available to LEADERSHIP, 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”.

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The Ghana launch follows the recent publishing of M-KOPA’s 2023 Impact Report, which shares the company’s remarkable progress in servicing over  three million customers and unlocking over $1 billion in credit. Nearly half of all M-KOPA’s customers are first-time smartphone users, and 4 out of 5 customers report the quality of their lives has improved because of M-KOPA’s innovative products and services.

General manager, M-KOPA Ghana, Chioma Agogo, added that, “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.”