May 15

M-Kopa Snaps up $250 Million+ Debt, Equity for Its Asset Financing Platform

By Tage Kene-Okafor

M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” and the ability to pay for them via digital micropayments, has secured more than $250 million in new funding.

The capital injection includes $55 million in equity and over $200 million in debt, huge sums in both categories that testify to strong fundamentals and solid performance for any growth-stage company in this venture capital’s current contraction.

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Source: Tech Crunch (link opens in a new window)

Finance, Technology
digital finance, financial inclusion, microfinance