About M Kopa
M Kopa is a company based in Nairobi (Kenya) founded in 2011 by Chad Larson.. M Kopa has raised $240.65 million across 22 funding rounds from investors including Sumitomo Corporation, Standard Bank and International Finance Corporation. M Kopa offers products and services including Smartphones, Digital Loans, Health Cover, Device Protection, and Affordable Data. M Kopa operates in a competitive market with competitors including Creditspring, Solarise Africa, ARNERGY, Abound and Lumos, among others.
- Headquarter Nairobi, Kenya
- Founders Chad Larson
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Sectors
Energy & UtilitiesFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name M-Kopa Holdings Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$240.65 M (USD)
in 22 rounds
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Latest Funding Round
$51 M (USD), Debt – Conventional
Jun 06, 2024
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Investors
Sumitomo Corporation
& 31 more
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Employee Count
Employee Count
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Products & Services of M Kopa
M Kopa offers a comprehensive portfolio of products and services, including Smartphones, Digital Loans, Health Cover, Device Protection, and Affordable Data. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Affordable smartphones via installment payments for daily use.
Loans provided after payments to build user credit history.
Hospital coverage linked to smartphone ownership for protection.
Protection plans to keep devices functional for users.
Data bundles for staying online with M-KOPA devices.
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Software Development Team
33 people
Human Resources and Administration
16 people
Product Management Team
15 people
Sales and Marketing
14 people
Leadership Team
14 people
Finance and Accounting
11 people
Customer Team
7 people
Operations Team
6 people
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Funding Insights of M Kopa
M Kopa has successfully raised a total of $240.65M across 22 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $51 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 22
- Last Round Debt – Conventional — $51.0M
- First Round First Round
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Debt – Conventional - M Kopa | Valuation |
investors |
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| May, 2023 | Amount | Debt – Conventional - M Kopa | Valuation |
investors |
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| May, 2023 | Amount | Series D - M Kopa | Valuation | Sumitomo |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in M Kopa
M Kopa has secured backing from 32 investors, including institutional and venture fund investors. Prominent investors backing the company include Sumitomo Corporation, Standard Bank and International Finance Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Impact investments are managed through a diversified family office portfolio.
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Founded Year | Domain | Location | |
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Investments are directed toward growth-stage companies generating scalable impact.
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Founded Year | Domain | Location | |
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Private equity investment fund
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by M Kopa
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - M Kopa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
M Kopa Comparisons
Competitors of M Kopa
M Kopa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Creditspring, Solarise Africa, ARNERGY, Abound and Lumos, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A personal loans platform
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| domain | founded_year | HQ Location |
Provider of solar financing and leasing solutions
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| domain | founded_year | HQ Location |
Solar power solutions are provided for residential and commercial clients.
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| domain | founded_year | HQ Location |
Personal loans are provided by Abound for various needs.
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| domain | founded_year | HQ Location |
Light therapy sleep masks are provided for circadian rhythm alignment.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on M Kopa
Frequently Asked Questions about M Kopa
When was M Kopa founded?
M Kopa was founded in 2011.
Where is M Kopa located?
M Kopa is headquartered in Nairobi, Kenya.
Is M Kopa a funded company?
M Kopa is a funded company, having raised a total of $240.65M across 22 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $200M, raised on Oct 01, 2011.
What does M Kopa do?
M-KOPA was founded in 2011 in Nairobi, Kenya, as a provider of solar energy solutions. Affordable solar systems are distributed to households through pay-as-you-go financing models in the renewable energy sector. Operations focus on East Africa, where access to clean power is enabled for off-grid communities. Co-founder Chad Larson leads key initiatives in sustainable energy delivery.
Who are the top competitors of M Kopa?
M Kopa's top competitors include Creditspring, Abound and ARNERGY.
What products or services does M Kopa offer?
M Kopa offers Smartphones, Digital Loans, Health Cover, Device Protection, and Affordable Data.
Who are M Kopa's investors?
M Kopa has 32 investors. Key investors include Sumitomo Corporation, Standard Bank, International Finance Corporation, Nithio, and Stanbic Bank Uganda.