M-KOPA Raises $250 Million to Improve Financial Inclusion in Africa

M-KOPA has raised $250 million to expand its financial services offering across sub-Saharan Africa.

The Kenya-based company will use the new debt and equity funding to continue to grow and to improve financial and digital inclusion for underbanked consumers in the region, M-KOPA said in a Monday (May 15) post on LinkedIn. The company is currently active in four countries — Kenya, Uganda, Nigeria and Ghana — and offers connected financing and digital financial services to underbanked consumers.