M-KOPA, a pan-African fintech company headquartered in the United Kingdom, has been recognized as one of the Financial Times’ Africa’s Fastest Growing Companies for the fourth consecutive year. Operating in Nigeria, Ghana, Kenya, South Africa, and Uganda, M-KOPA has reached over 6 million customers and achieved a compound annual growth rate (CAGR) of 42% for the period of 2020-2023.

Since 2023, the company's growth has accelerated, delivering over 65% year-over-year revenue growth in 2024. M-KOPA is on track to surpass half a billion USD in annual revenue in 2025. The company exemplifies how purpose-driven businesses can be both profitable and impactful by serving traditionally overlooked "unbanked" consumers as fintech continues to scale across the African continent.

M-KOPA focuses on financing progress for non-salaried, everyday earners, who are projected to number over 1 billion adults across Africa by 2040. The company finances smartphones, enabling more than half of its customers to access the internet for the first time. Through these devices, M-KOPA delivers tailored mobile financial services.

M-KOPA’s smart money platform has issued millions of affordable credit, insurance, and subscription products. The company’s positive impact is independently measured by third-party verification experts, with results published annually on its website.

In 2023, M-KOPA opened East Africa’s first and largest smartphone assembly factory, which now produces over 1 million smartphones annually and has created over 300 new jobs. In 2024, the company introduced its own range of branded smartphones, which now account for over 20% of all smartphones sold in Kenya.

In 2025, M-KOPA continued its pan-African expansion, acquiring more customers outside of Kenya, with fast customer growth across Nigeria, Ghana, Uganda, and South Africa.

Jesse Moore, CEO and Co-Founder of M-KOPA, expressed his excitement about being included in the FT Fastest Growing Companies in Africa list for the fourth year in a row. He noted that the company is now onboarding a new customer every 9 seconds and receives 15 payments per second, creating a unique and deep dataset to understand the financial needs of everyday earners. Moore emphasized that M-KOPA is still in the early stages of scaling, with an addressable market that will surpass 1 billion people in Africa by 2040.

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