Pan-African fintech M-KOPA marked its 15th anniversary on Thursday, October 8, after reaching 10 million customers across Kenya, Uganda, Nigeria, Ghana and South Africa. Strong demand for its pay-as-you-go financing of smartphones, digital loans and electric vehicles brought in three million new customers in the past year and lifted revenue 45% to about $600 million (Sh77.7 billion) in the 2025 financial year.
The company said it remained profitable while continuing to invest in products, technology and distribution. Chief Financial Officer Faraimose Kutadzaushe described 2025 as a record year for customer and revenue growth. The result builds on M-KOPA's first annual profit in 2024, when it earned Sh1.2 billion on revenue of Sh53.7 billion, according to filings in the United Kingdom.
M-KOPA signs up about 10,000 customers a day and processes micropayments 23 times a second. It added about 200 full-time roles last year, bringing its staff to more than 2,500 and has created income opportunities for nearly 50,000 sales agents.
The company began in Kenya selling solar kits on instalments and took eight years to reach its first million customers in 2020. It then moved into smartphone financing and has added nine million customers since. M-KOPA says customers increasingly use several products over multi-year relationships, including smartphones, digital loans and electric mobility products.
Electric mobility is the newest push. In Kenya, M-KOPA has financed more than 10,000 electric motorbikes, up from over 5,000 in late 2025 and in September extended its financing to electric tuk-tuks. It finances motorbikes from manufacturers including Ampersand, Roam and Spiro and says financed riders save an average of Sh530 a day on energy and maintenance. Kenya's National Electric Mobility Policy zero-rates VAT on electric motorcycles, reducing some of the tax cost.
One caution applies to the headline number. M-KOPA's announcement does not say how many of the 10 million customers are active and the company's own stated goal in its impact report is to reach 10 million active customers.
The Kenyan business is the group's anchor. By November 2025, it served 4.8 million customers and had unlocked more than Sh207 billion in credit.
