M-Kopa Enters Ghanian Market With Up to $10 Million Credit

M-KOPA, an African fintech platform, has officially launched its flexible digital financing model in Ghana following a successful pilot phase.

Ghana becomes the second West African country for M-Kopa, enhancing its Pan-African presence and promoting financial and digital inclusion for underbanked customers.

The company has successfully penetrated the Greater Accra Region, primarily focusing on smartphone financing.

M-KOPA, through partnerships with Samsung and Nokia, has provided financing to over 100,000 Ghanaian customers and secured over $10m in digital credit, paving the way for regional growth and product expansion.

“As a truly inclusive fintech on a mission to improve financial and digital accessibility, Ghana presents an exciting opportunity for us to expand our impact.

Our customer-centric approach will enable us to enhance the day-to-day quality of people’s lives. We are thrilled by the success of the first phase of our entry in Ghana and are on track to serve more customers across the country,” said Mayur Patel, M-KOPA’s Chief Commercial Officer.

M-KOPA’s 2023 Impact Report highlighted the company’s impressive progress in servicing over 3 million customers and unlocking over $1bn in credit.

M-KOPA’s innovative products and services have significantly improved the quality of life for 4 out of 5 customers who are first-time smartphone users.

M-KOPA’s fintech platform has its presence in Kenya, Uganda, Nigeria, and Ghana, with plans to further expand to South Africa.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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