M-KOPA

M-KOPA is an African fintech platform for everyday earners in Ghana, Kenya, Nigeria, South Africa, and Uganda that enables pay-as-you-go financing for smartphones and selected essential products, so customers can take devices home immediately and repay over time.

Key capabilities include:

• Smartphone financing with a deposit followed by daily, weekly, or monthly repayments, designed for customers who may not have formal salaries, collateral, or access to traditional credit.
• Digital loans unlocked through repayment behaviour, with the site stating customers can access loans after three months of paying well.
• Bundled services linked to the financed smartphone, including health cover (hospital cover), device protection (terms and conditions apply), and affordable data bundles.
• Mobility financing in some markets, including products such as electric bikes in Kenya.

Available via a Web information site, with financed smartphones running on Android.

Target users include underbanked consumers and micro-entrepreneurs who need access to a smartphone and related services while building a repayment track record.

Notable in the African market context, the company reports $2B+ in credit unlocked, 7M+ customers across five markets, and 35,000+ sales agents, positioning the smartphone as a gateway to ongoing credit and add-on services for customers new to formal finance.

As of Jun 22, 2026, M-KOPA is rated 4.3 on Google Play from 65.7K reviews with 1M+ installs.