M-Kopa Signs $255 Million New Funding for African Digital Credit Company

 

 

  

 

M-Kopa, an African digital credit company, has secured $255 million in new funding. This substantial investment will enable the company to expand its operations and bring affordable solar power to more households in Africa. M-Kopa uses mobile technology to provide financing options for low-income customers, allowing them to purchase solar panels and pay for them in installments. This innovative approach has proven to be successful in reaching underserved communities and helping them access clean energy. With the new funding, M-Kopa aims to reach 10 million households by 2023, making a significant impact on the region's energy poverty.

 

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