M-KOPA Nears $400M Annual Revenue as Africa’s Largest Pay-As-You-Go Fintech Scales Across Sub-Saharan Markets
- M-KOPA is on track to surpass an annual revenue rate of $400 million by year-end.
- The company serves 5 million underbanked Africans with a pay-as-you-go financing model.
- M-KOPA ended the previous year with 4 million customers and an ARR of $248 million.
M-KOPA's innovative approach to financing and its ability to adapt to challenging economic conditions highlight the potential for fintech solutions to drive financial inclusion in Africa. However, the company must address its default rates and continue to innovate to maintain its growth trajectory and ensure long-term sustainability.
