Financial Times (FT) has named M-KOPA Africa’s fastest-growing company in 2024 for the third consecutive year.

M-KOPA appeared on the FT list for providing affordable financing for smartphones, electric motorbikes, and digital financial services such as digital loans and health insurance.

 M-KOPA Chief Financial Officer (CFO), Faraimose Kutadzaushe said the company remains deeply committed to building long-term customer relationships.

“The foundation of these relationships starts with a smartphone, which is crucial for empowering our customers to overcome financial challenges and achieve progress. By doing so, we are paving the way for financial inclusivity across Africa.”

This announcement comes as the firm has been looking to leverage artificial intelligence (AI) to provide access to smartphones.

It has also made advances in the electric mobility and lean energy sectors.

It is currently in different African countries, including Kenya, Uganda, Nigeria, and Ghana.