This archive report was first published on 14 July 2021.
On July 14, 2021, M-KOPA Solar, the world's leading pay-as-you-go energy provider to off-grid homes, announced its expansion into Nigeria.
The company has partnered with Samsung and Airtel to enable access to smartphones and broader digital connectivity in this expansion.
M-KOPA's financing model offers customers instant access to products while building ownership over time via micro-payments.
Founded a decade ago as a pay-as-you-go solar power provider to off-grid homes, M-KOPA expanded into smartphone finance in 2019 and now offers customers access to 4G devices.
Since its inception, M-KOPA has provided over $400 million in financing, alongside selling over 1 million pay-as-you-go solar systems and 500,000 smartphones to users in Uganda, Kenya, and Nigeria.
