M-KOPA, the pan African fintech company, has made the Financial Times’ “Africa’s Fastest Growing Companies” rankings for the fourth consecutive year.
M-KOPA achieved an impressive CAGR of 42% for the 2020-23 period. The company has accelerated even faster since 2023, delivering over 65% year-over-year revenue growth in 2024.
The firm is continuing on the same profitable growth path in 2025 and is trending to surpass half a billion USD in annual revenue this year.
As fintech continues to scale across the African continent, M-KOPA exemplifies how purpose-driven businesses with sound fundamentals can be both profitable and impactful by serving traditionally overlooked “unbanked” consumers.
The company continues to be laser focused on financing progress for non-salaried every day earners, of which there will be over 1 billion adults across Africa by 2040.
M-KOPA finances smartphones to everyday earners (with more than half its customers accessing the internet for the first time) and then delivers tailored mobile financial services through the device. M-KOPA’s smart money platform has now issued millions of affordable credit, insurance, and subscription products. Its positive impact is independently measured by third party verification experts with the results published annually on the website.
In 2023, M-KOPA opened East Africa’s first and largest smartphone assembly factory, which is now producing over 1m smartphones annually and has created over 300 new jobs.
In 2024, the firm then introduced its own range of branded smartphones which now account for over 20% of all smartphones sold in Kenya. In 2025, the company has continued its pan African expansion and now acquires more customers outside of Kenya than in, with fast customer growth across Nigeria, Ghana, Uganda, and South Africa.
Commenting on the recognition, Jesse Moore, CEO and co-founder of M-KOPA said:
“We are thrilled to make the FT Fastest Growing Companies in Africa list for the 4th year in a row. Our growth continues to accelerate, and we now onboard a new customer to M-KOPA every 9 seconds. Thanks to Africa’s digital payment rails, we now receive 15 payments per second, which in turn creates a unique and deep dataset to understand the financial needs of everyday earners. We are still in the early stages of scaling, with an addressable market that will surpass 1 billion people in Africa by 2040.”
