M-KOPA has announced a significant milestone, surpassing 10 million customers across Kenya, Uganda, Nigeria, Ghana, and South Africa, driven by growing demand for its digital financial services.

• M-KOPA has reached over 10 million customers.
• The company provides smartphone financing and digital financial services, particularly for informal workers and small business owners.
• Kenya hosts Africa’s largest smartphone assembly factory for M-KOPA, which opened in 2023 and has produced over 3.3 million smartphones.

Safaricom has enabled borrowers of the Hustler Fund to use their Bonga Points for loan repayments, unlocking an estimated KES 3.6 billion worth of loyalty rewards.

• An estimated KES 3.6 billion in Safaricom Bonga Points can now be used to repay Hustler Fund loans.
• Borrowers can dial *254# and select the repayment option via the Hustler Fund menu.
• The move comes as the Hustler Fund grapples with a 15% default rate, equivalent to KES 12.5 billion as of March.

PawaPay has been recognized as one of the World’s Top Fintech Companies 2026 by CNBC and Statista, marking a significant achievement for the African payments landscape.

• PawaPay processed over three billion mobile money transactions in a single year.
• The company's CEO, Nikolai Barnwell, highlighted the growing importance of Africa’s payments infrastructure globally.
• The ranking evaluated over 3,500 fintech companies, with PawaPay being among the selected 500 for its innovation and scalability.