M-KOPA reaches 10 million customers, six years after its first million
The company said on Wednesday that it now onboards about 10,000 customers daily as it scales its lending business beyond its Kenyan roots.
Latest News Politics , Business , Finance , Technology , World News & Opinion & Tracking & Analysis.
TechCabal
Primary focus: Technology
The company said on Wednesday that it now onboards about 10,000 customers daily as it scales its lending business beyond its Kenyan roots.
Samsung just wrapped up its Galaxy Unpacked event in London. You get new foldable phones, new watches, new software, and a first look at Samsung's smart glasses.
The move underscores a broader shift in South Africa's telecoms industry: the race to build the country's best 5G network is no longer confined to affluent urban centres.
The rabbit farming app she had built in three days was attracting users in the United States, Canada, Australia and New Zealand.
The launch comes eight months after Fusepay launched its digital payments platform in Seychelles, and raised 350,000 in pre-seed funding in August 2025.
The move comes as Nigeria's telecommunications sector continues to grow, with mobile subscriptions and data consumption increasing and operators investing heavily in network infrastructure and customer acquisition.
The findings arrive as African governments compete to attract founders and foreign investment by simplifying the mechanics of starting a business.
In today's edition: LemFi, BVNK partner to use stablecoins for remittance || Shareholders agree on Nedbank-NCBA merger || Court settles Nigeria’s airtime lending dispute || Kenya introduces new telecom licence
Only about 15 to 18 of South Africa's trade is with African countries, highlighting how much work remains before AfCFTA can achieve its ambitions.
Rank is betting that digitising community-based finance can offer an alternative route to accessing capital for young entrepreneurs and workers.