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M-Kopa

Photograph by Saul Loeb — AFP/Getty Images

    In Kenya, where around 77% of the population has no access to electricity, M-Kopa’s pay-as-you-go solar-power machines require no installation and not even a bank account. Since M-Kopa launched in 2013, about 200,000 households in East Africa have leased its devices, paying minimal amounts daily for power (often via smartphone through ­M-Pesa) and junking other, more toxic power sources like kerosene burners. The model is “eminently scalable,” co-founder Jesse Moore said recently. “We’re really just getting started.”

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    Company Info

    Sector
    Technology
    Industry
    Semiconductors
    Country
    Kenya
    Revenues ($ millions)-
    Company type
    Private
    CEO
    Jesse Moore
    Websitehttp://www.m-kopa.com
    Impact Segment
    Economic Opportunity/Financial Inclusion

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