Bamboo Finance

Kopo Kopo

www.kopokopo.com

Kopo Kopo is a 2010 technology startup which integrates Kenyan SMEs onto M-PESA's successful mobile money platform and eventually plans to expand to other mobile money platforms in Sub-Saharan Africa. With poor branch coverage and low financial inclusion, Kenya's banking system has been eclipsed by M-PESA, the world's most successful mobile money platform. Since its launch in 2007, M-PESA's transaction volume has grown exponentially to processes annually 20% of Kenya's GDP in increments of 33 USD from over 75% of Kenya's adult population. Kopo Kopo, in an exclusive partnership with M-PESA, plans to change that. Its American co-founders have attracted prominent Silicon Valley entrepreneur Vinod Khosla alongside BOPEF, and hired a team of 9 Kenyan developers and salesmen to acquire small merchants for M-PESA's platform. Having conducted a Gates Foundation funded survey of SME needs for mobile payments in 2011, Kopo Kopo will spend 2012  testing various SME value propositions (ranging from back office integration to an Android app which substitutes for a cash register).