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M-KOPA surpasses 3 million active customers, unlocking $2 billion in credit for the unbanked
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Techish Kenya
-Ad-M-KOPA, the fintech firm known for its pay-as-you-go financing for everything from smartphones to electric motorbikes, has hit a major milestone: 3 million active daily customers.
While the company has served 7 million people since it launched in 2011, the focus on 3 million active users signals a strategy geared towards long-term engagement rather than just initial sales.
“When we ask customers,’ does M-KOPA make your life better?’ 9 out of 10 say yes.
The report reveals that for 55% of its customers, signing up with M-KOPA was their first interaction with any formal financial product.
Now operating in Kenya, Uganda, Ghana, Nigeria, and South Africa, M-KOPA has set its sights on an even more ambitious goal: serving 10 million active customers by the end of the decade.
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