Technology & Innovation3 stories from 2 sources
M-KOPA, a fintech firm using pay-as-you-go financing, has surpassed 3 million active daily customers and deployed over $2 billion in credit to micro-entrepreneurs and gig workers across Africa. In its 2024 Sustainability Report, Watu announced it had financed 2,000 EVs and 1.4 million smartphones as part of its ESG initiatives. Meanwhile, Kenya's ARC Ride has secured a $10 million debt financing commitment from Mirova, an affiliate of Natixis Investment Managers. This funding is designated to deploy 600 battery-swapping cabinets and 25,000 batteries, significantly boosting Kenya's electric vehicle infrastructure.
Watu has released its 2024 Sustainability Report, showcasing significant progress in financial inclusion, clean mobility, and gender equity across Africa. The report details key achievements and commitments under its Environmental, Social, and Governance (ESG) initiatives.
Summary & Analysis
M-KOPA, a fintech firm providing pay-as-you-go financing, has reached a significant milestone with 3 million active daily customers, having deployed over $2 billion in credit to underserved micro-entrepreneurs and gig workers across Africa.
Summary & AnalysisKenya's ARC Ride has secured a $10 million debt financing commitment from Mirova, an affiliate of Natixis Investment Managers. This funding will be used to deploy 600 battery-swapping cabinets and 25,000 batteries across Kenya, significantly boosting the country's electric vehicle infrastructure.
Summary & Analysis
