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GRUNGECAKE.com GRUNGECAKE logo GRUNGECAKE.com

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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
0
Rock & Roll Hall of Fame 2026 inductees
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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.


Rock & Roll Hall of Fame 2026 inductees

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Author

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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