Kenyan fintech M-Kopa raises record Sh35bn in debt and equity
M-Kopa said on Monday that the capital injection includes Sh7.5 billion ($55 million) and Sh27.4 billion ($200 million) in debt.
Source: businessdailyafrica.com
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M-Kopa said on Monday that the capital injection includes Sh7.5 billion ($55 million) and Sh27.4 billion ($200 million) in debt.
Solar and financial technology firm M-Kopa Holdings Limited has received Sh7.94 billion ($65 million) from the International Finance Corporation to fund its business in Kenya and Uganda.
LR Africa Holdings Limited will buy less than a five percent stake in the company that currently has over 40 owners.