Why M-KOPA is using smartphone repayments to expand digital lending

Since 2020, M-KOPA has built its reputation helping Africans buy smartphones on credit. But the Nairobi-headquartered asset financing company is increasingly using those devices as a gateway into digital credit.

According to the company, it has now served nearly 10 million customers across Africa and deployed more than $2 billion in credit. While smartphones remain its customer acquisition…