US President Barack Obama (L) talks with June Muli, head of Customer Care at M-Kopa, about solar power during the Power Africa Innovation Fair, an initiative to increase the number of people with access to power in sub-Saharan Africa, on July 25, 2015 on the sidelines of the Global Entrepreneurship Summit at the United Nations Compound in Nairobi. Obama said today "Africa is on the move", as he praised the spirit of entrepreneurship at a business summit in Kenya during his first visit to the country of his father's birth since his election as president. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)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.”

    Company Info

    Revenues ($ millions)-
    Company typePrivate
    CEOJesse Moore
    Impact SegmentEconomic Opportunity/Financial Inclusion

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