M-KOPA, a leading African fintech company, that provides affordable financial and digital products to “Everyday Earners”, has made the Financial Times’ “Africa’s Fastest Growing Companies” rankings for the fourth consecutive year.

The FT ranking of the fastest-growing African companies in 2025, which listed 130 companies, saw M-KOPA occupy the 68th position with an absolute growth rate of 186.9%. The company achieved an impressive CAGR of 42% for the year.

M-KOPA has accelerated even faster since 2023, delivering over 65% year-over-year revenue growth in 2024. It is continuing on the same profitable growth path in 2025 and is trending to surpass half a billion USD in annual revenue this year.

Commenting on the recognition, Jesse Moore, CEO and Co-Founder of M-KOPA said,

“We are thrilled to make the FT Fastest Growing Companies in Africa list for the 4th year in a row. Our growth continues to accelerate, and we now onboard a new customer to M-KOPA every 9 seconds. Thanks to Africa’s digital payment rails, we now receive 15 payments per second, which in turn creates a unique and deep dataset to understand the financial needs of everyday earners.  We are still in the early stages of scaling, with an addressable market that will surpass 1 billion people in Africa by 2040.”

M-KOPA was founded in 2010 on the idea that combining digital micropayments with GSM connectivity could provide affordable access to life-enhancing products. Since then, it has built a financial platform that has deployed over $1.5 billion in credit and enabled over 5 million customers across five countries – Kenya, Uganda, Nigeria, Ghana, and South Africa – to own quality smartphones, access digital services and progress towards their financial goals.

The platform innovative model makes affordable smartphones embedded with financial services available to ‘Everyday Earners’. The wide majority of African adults platform’s earn their income daily but struggle to afford smartphones and typically fail to qualify for conventional financial services. According to the World Bank, 75% of adults in sub-Saharan Africa remain financially excluded.

To date, M-KOPA has supported its customer base with more than US $1.5 billion in financing. Its innovative model provides affordable daily repayment plans that match the realities of how people earn their money. Also, it offers flexible and locally relevant products to help people achieve progress in their lives. As fintech continues to scale across the African continent, M-KOPA exemplifies how purpose-driven businesses with sound fundamentals can be both profitable and impactful by serving traditionally overlooked “unbanked” consumers.

The company continues to be laser-focused on financing progress for non-salaried everyday earners, of which there will be over 1 billion adults across Africa by 2040. M-KOPA finances smartphones to everyday earners (with more than half its customers accessing the internet for the first time) and then delivers tailored mobile financial services through the device. Its smart money platform has now issued millions of affordable credit, insurance, and subscription products.

In 2023, M-KOPA opened East Africa’s first and largest smartphone assembly factory, which is now producing over 1m smartphones annually and has created over 300 new jobs. In 2024, M-KOPA then introduced its range of branded smartphones which now account for over 20% of all smartphones sold in Kenya. In the same year, the company announced that it had surpassed 5 million customers across Kenya, Uganda, Nigeria, Ghana, and South Africa.

In 2025, the company has continued its pan African expansion and now acquires more customers outside of Kenya than in, with fast customer growth across Nigeria, Ghana, Uganda, and South Africa. By building a long-term relationship with its customers, M-KOPA has become a trusted partner in helping people boost their incomes, build financial resilience and progress to the futures they aspire to.

Overall, M-KOPA’s constant recognition by financial times for four consecutive years, validates its strategy and execution, reinforcing its potential to drive financial inclusion and economic progress across Africa while delivering strong financial performance.