[kictanet] Breaking: Kenya’s M-Kopa Solar Closes $12.45 million Fourth Funding Round (What fluff?)

[James Mbugua]

HOW M-KOPA SOLAR BECAME 2ND BUSIEST MPESA PAYBILL MOVER

With 12,000 MPESA paybill transactions daily, Mkopa Solar is second only to
KPLC in daily transaction volumes, founder Jesse Moore says.

The company that sells solar units to off-grid customers for use in
lighting their homes and charging their phones on instalments of Sh40 a day
for 360 days currently has over 130,000 customers in Kenya, Uganda and
Tanzania.

http://nairobitech.blogspot.com/2015/01/how-m-kopa-solar-became-2nd-busiest.html

On Mon, Feb 2, 2015 at 7:20 PM, Kipkemoi Kiptum via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> These guys are awesome.
>
> 1. (maybe) Real profit.
> 2. Real revenue.
> 3. Reusable payment model - pay slowly for something that you need, I
> suspect that it can be reused for other things (If Safaricom or some other
> mobile network will continue giving them whatever/better commercial model
> they have).
>
> Now is the hard part, earning the implied trust/pressure that now comes
> with the over 1B they have got.
>
> All the best to them!
>
> *Kip*
>
> *A Cruce Salus*
>
> On Mon, Feb 2, 2015 at 2:39 PM, cdohnio via kictanet <
> kictanet at lists.kictanet.or.ke> wrote:
>
>> http://techmoran.com/m-kopa-solar-closes-fourth-funding-round/
>>
>> There's a lot of talk of fluff in the Kenyan startup scene but I think
>> hearing news like this puts all that nonsense to shame. This was a 1.1
>> billion round they just raised after a third round where they raised almost
>> 2 billion last year. If this doesn't speak for the startup scene I don't
>> know what will.
>>
>> All the best,
>> princelySid
>>
>> *Twitter:* @princelySid | *Website: *cdohnio.blogspot.com
>>
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> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
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