M-KOPA turns its first-ever profit as revenue surges 66% to $416m
The Nairobi-based asset-financing startup reported a profit of KES 1.2 billion ($9.2 million) in 2024, bouncing from a loss of KES 3.2 billion ($24.7 million) the previous year, according to its latest filings in the United Kingdom. Revenue jumped 66% to KES 53.7 billion ($416 million), marking one of the strongest growths in Kenya's startup ecosystem.
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M-KOPA turns its first-ever profit as revenue surges 66% to $416m
The Nairobi-based asset-financing startup reported a profit of KES 1.2 billion ($9.2 million) in 2024, bouncing from a loss of KES 3.2 billion ($24.7 million) the previous year, according to its latest filings in the United Kingdom. Revenue jumped 66% to KES 53.7 billion ($416 million), marking one of the strongest growths in Kenya's startup ecosystem.
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