# Kopo Kopo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kopo-kopo

- Industry: Financial Services
- Headquarters: Nairobi, Kenya
- Website: www.kopokopo.co.ke
- Total disclosed funding: $2.7M
- Latest round: Series A (Nov 12, 2013)
- Investors on record: 4

## About

Kopo Kopo Inc., based in Nairobi, Kenya, specializes in providing financial tools that empower businesses to accept digital payments and access credit, enhancing transactional convenience and operational efficiency.Founded in 2010 and headquartered in Nairobi, Kenya, Kopo Kopo Inc. focuses on facilitating digital payment acceptance for businesses. The company has raised USD 2.1 mn in total funding through a SERIES B round, which has contributed to its growth in the financial technology sector. The current CEO, Chad Larson, leads the company with a vision to modernize payment solutions for small to medium-sized enterprises.Kopo Kopo offers a suite of financial tools designed primarily for businesses seeking to facilitate digital payment acceptance and access to credit. The core product is the Lipa Na Mpesa till number, which allows businesses to accept cashless payments directly from customers, enhancing the transaction experience with convenience and security. Additional services include the Kopo Kopo Online Portal, which provides real-time visibility of transactions, customer payments, and detailed reporting, thereby streamlining operational oversight for business owners. The Business Cash Advance feature allows businesses to access credit for working capital or expansion, while the Bulk Pay solution simplifies the process of making multiple payments directly from a Kopo Kopo account. Targeting small to medium-sized enterprises across various sectors, Kopo Kopo primarily serves markets within Kenya and is positioned to cater to businesses looking to enhance their financial operations through digital tools.Kopo Kopo generates revenue through transaction fees associated with the acceptance of digital payments as well as service fees for financial products such as Business Cash Advances and Bulk Pay solutions. Clients, typically small and medium-sized businesses, engage with Kopo Kopo by registering for a Lipa Na Mpesa till, which incurs transaction fees each time a payment is processed. The platform also utilizes a subscription model for businesses that require enhanced functionalities through the Online Portal. Revenue is derived from transaction activities facilitated by these offerings, which are structured around B2B and direct-to-consumer interactions. Kopo Kopo's service offerings include flagship products like the Kopo Kopo Overdraft and tailored credit solutions, which contribute to the overall financial ecosystem supporting its client base.Kopo Kopo is strategically planning to expand its product offerings and geographic footprint. Upcoming new products focused on enhancing digital transaction capabilities are currently in development, with specific release timelines to be announced in the near future. The company aims to expand into additional markets within the East African region by 2025, leveraging its recent funding of USD 2.1 mn from the SERIES B round to support these initiatives. Kopo Kopo was recently acquired by Bamboo Capital Partners, which reflects a commitment to scaling operations and innovation.

## Funding rounds

- Series A, Nov 12, 2013, $2.6M — Accion, Javelin Venture Partners, Khosla Impact
- Seed, Aug 20, 2010, $0.1M — Village Capital

## Investors

- Village Capital (https://capitalatlas.ai/funds/village-capital) — Seed
- Accion (https://capitalatlas.ai/funds/accion) — Series A
- Javelin Venture Partners (https://capitalatlas.ai/funds/javelin-venture-partners) — Series A
- Khosla Impact — Series A