M-KOPA Kenya Mobility Limited
Status: Proposed investmentWhy disclosure?
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In case of questions
We welcome feedback on this proposed investment opportunity for FMO. The ending of the proposed investment phase is indicated on the right side of this page. In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our prospective customer?
M-KOPA Group, founded in 2012, is a leading African fintech platform that provides affordable financial and digital products to "Every Day Earners" - the tenacious entrepreneurs who are the backbone of the continent's economies, who are often not able to access traditional financial services. The subsidiary, M-KOPA Kenya Mobility Ltd (subsidiary) was founded in 2023 with as its principal activities the sale and financing of electric motorbikes and electric batteries to customers in Kenya.
What is our funding objective?
FMO's senior debt funding will finance the Borrower's growing book of e-motorbikes receivables in Kenya (up to USD 23 million) and refinance a USD 7 million bridge facility provided by one of M-KOPA Group's shareholders to fund the early years of operations.
Why do we want to fund this investment?
The transaction addresses both i) the lack of clean mobility solutions and financial access to micro-entrepreneurs which holds back the shift to green affordable transport in Kenya, and ii) the availability of (local currency) debt financing which is a bottleneck for sector growth. The transaction is expected to receive 100% Green and 100% Reduced Inequalities labels.
What is the Environmental and Social categorization rationale?
E&S category is B. Activities come with potential limited adverse risks associated with waste management and labour conditions. The following IFC Performance Standards (PS) are triggered by the transaction: PS 1 Assessment and Management of Environmental and Social Risks and Impacts, PS 2 Labor and Working Condition, PS 3 Resource Efficiency and Pollution Prevention, PS 4 Community Health, Safety and Security. PS 5 is not triggered as there is no land acquisition (corporate facility). PS 6 is not triggered as the investment is not expected to have impact on Biodiversity and Living Natural Resources. PS 7 is not triggered because no impacts on local groups qualifying as Indigenous were identified. PS 8 is not triggered as no impact on cultural objects or places were identified.
More investments
| Date | Total FMO financing |
|---|---|
| 4/3/2026 | USD 7.50 MLN |
| 4/1/2026 | USD 12.50 MLN |
- Website customer/investment
- https://www.m-kopa.com/mobility
- Region
- Africa
- Country
- Kenya
- Sector
- Energy
- Publication date
- 4/3/2026
- Deadline for feedback
- 5/3/2026
- Total FMO financing
- USD 10.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B