A customer needs a loan for a rooftop solar-power system. But she makes less than $2 a day, has no credit history, and no collateral. For M-Kopa, that’s no problem. The Kenya-based financing platform offers underbanked African customers pay-as-you-go access to anything from e-bikes to fuel-efficient stoves and smartphones. The terms: daily loan repayments of just a few cents, via mobile phone. M-Kopa now has a presence across the continent and just raised $250 million in debt and equity—one of the largest fundraisings by an African tech startup. “If you treat low-income people as customers, not charity cases,” says co-founder and CEO Jesse Moore, “you can change the world.”
A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders. Join the Leadership Brief.
- Cybersecurity Experts Are Sounding the Alarm on DOGE
- Meet the 2025 Women of the Year
- The Harsh Truth About Disability Inclusion
- Why Do More Young Adults Have Cancer?
- Colman Domingo Leads With Radical Love
- How to Get Better at Doing Things Alone
- Michelle Zauner Stares Down the Darkness
