Financial inclusion drives African fintech M-KOPA to $400M in ARR
- M-KOPA is moving into profit country by sub-Saharan country.
- The company aims to surpass an annual revenue rate of $400 million by year-end.
- M-KOPA has achieved profitability in Kenya, Uganda, Nigeria, and Ghana.
M-KOPA's success illustrates the potential for fintech solutions to address financial inclusion in emerging markets. However, the sustainability of its growth amidst rising default rates and economic challenges warrants further scrutiny. The company's innovative financing model could serve as a blueprint for other startups aiming to empower underbanked populations.
