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GRUNGECAKE.com GRUNGECAKE GRUNGECAKE.com

Global media brand for music, art & real stories

GRUNGECAKE.com GRUNGECAKE GRUNGECAKE.com

Global media brand for music, art & real stories

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News

African finance company M-Kopa seals $255 million in new funding

By Richardine Bartee
May 15, 2023 1 Min Read
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M-Kopa is a digital credit company founded in 2011. The company started its operations in Kenya and has expanded to multiple African countries like Uganda, Nigeria, and Ghana, helping over 3 million customers secure access to credit.

Photo: M-Kopa

Earlier today, the company secured $200 million in sustainability-linked debt financing from Standard Bank (SBKJ.J), while Sumitomo (8053.T) supported with $36.5 million in new equity investment. Other participants in the fundraising include U.K based investment firm LightRock.


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Richardine Bartee

Her unprejudiced love for people, the arts, and business has taken her this far. Join Richardine on her journey as she writes history into existence, one article at a time. Richardine is a member of the Recording Academy/GRAMMYs, and a GRAMMY U Mentor. Call or email her to discuss your marketing/publicity or consulting needs.

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