- M-KOPA Kenya has surpassed 3 million customers, making it Africa’s largest market
- Since its inception, M-KOPA Kenya has created over 16,000 jobs and contributed KSh 17.2 billion in taxes
- The company plans to hire 500 more employees by 2025 and aims to grow its sales agent network to 20,000
Elijah Ntongai, a journalist at TUKO.co.ke, has more than three years of financial, business, and technology research and reporting expertise, providing insights into Kenyan and global trends.
Nairobi – M-KOPA Kenya has achieved a major milestone by surpassing 3 million customers in Kenya, making it the company’s largest market across Africa.
Source: Original
M-KOPA, a subsidiary of the UK-based Pan-African fintech giant M-KOPA, released key findings from its annual impact report dubbed Pathways to Progress.
Read also
William Ruto defends Adani PPP deals in Kenya: “They are using their money”
“M-KOPA Kenya is proud to be a driving force in expanding economic opportunities for millions of Kenyans and making a significant contribution to the economy of the country. We are a purpose driven company whose mission is not only to connect people digitally but to ensure that financial services are,” said Martin Kingori, GM of M-KOPA Kenya.
Key achievements of M-KOPA Kenya
In a statement seen by TUKO.co.ke M-KOPA reported that it has created more than 16,000 jobs since its inception and contributed over KSh 17.2 billion in direct and indirect taxes to the Kenya Revenue Authority.
These taxes include corporate tax, withholding tax, VAT, reverse VAT, import taxes, and PAYE, marking the company as one of Kenya’s largest taxpayers.
The company reported that it plans to add 500 more employees before 2025. It is also employing over 14,000 paid sales agents and targets growing this number to 20,000 by 2025.
Read also
KRA to roll out WhatsApp tax invoicing for small traders to boost compliance
Digital and financial inclusion
The company launched the M-KOPA X20 smartphone, which integrates financial services to support economic empowerment.
Additionally, M-KOPA has financed over 1,500 e-motorbikes, increasing drivers’ incomes and reducing carbon emissions.
Its flexible repayment model benefits “Every Day Earners,” like boda boda riders and market vendors, enabling them to make daily micro-payments, build credit history, and access financial opportunities.
The 2024 Impact Report shows 92% of customers found M-KOPA’s financing made technology more affordable, with 80% reporting improved quality of life and 70% crediting the company for helping achieve financial goals.
Source: TUKO.co.ke
