M-Kopa Lawsuit Alleges Racial Disparity in Employee Equity, Firm Says Claim Is Baseless
By Adonijah Ndege
When M-KOPA Holdings, a UK-headquartered fintech with over five million users across five African markets, restructured its shareholding in 2019, it was viewed internally as a safeguard against dilution — a routine measure in the startup scene. Six years later, that decision is at the centre of a potentially high-stakes court case that could force Kenya’s venture-backed startups to reckon with questions on who benefits from companies’ growth.
Photo courtesy of Sasun Bughdaryan.
Source: TechCabal (link opens in a new window)
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