--- description: Find out why M-Kopa was selected for the list title: TIME100 Most Influential Companies 2023: M-Kopa image: https://static.time.com/v3/assets/bltea6093859af6183b/bltbf06959b005fa601/698a3dc622fb85836be2ec21/time100-companies-M-Kopa-2023.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Jun 21, 2023 # M-Kopa Financing for the future by [Aryn Baker](/author/aryn-baker/) ## Aryn Baker Update your preferences in [Account Settings](/account/preferences/) Close  Jesse Moore, co-founder and CEO of M-Kopa, in 2019. Jesse Moore, co-founder and CEO of M-Kopa, in 2019.Vaughn Ridley—Sportsfile for Web Summit/Getty Images 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](https://m-kopa.com/ "undefined"), 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_](https://cloud.newsletters.time.com/signup?nln=leadership&source=100companies "undefined"). ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies-2023/6285220/m-kopa/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies-2023/6285220/m-kopa/"},"headline":"M-Kopa","datePublished":"2023-06-21T10:55:40.000Z","dateModified":"2026-03-03T00:16:15.324Z","description":"","url":"https://time.com/collections/time100-companies-2023/6285220/m-kopa/","keywords":["TIME100 Companies"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltbf06959b005fa601/698a3dc622fb85836be2ec21/time100-companies-M-Kopa-2023.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Aryn Baker","jobTitle":null,"url":"https://time.com/author/aryn-baker/"}],"creator":"Aryn Baker","articleSection":"","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltbf06959b005fa601/698a3dc622fb85836be2ec21/time100-companies-M-Kopa-2023.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/collections/time100-companies-2023/6285220/m-kopa/","name":"M-Kopa"}}]}] ```