Signal Point Partners Ltd secures convertible equity and R&D grant funding led by Shell Foundation (UK), DOEN Foundation (NL) and d.o.b foundation (NL) to test the world’s first solar leasing product using mobile money and embedded GSM technology.
M-KOPA makes high quality solar affordable for everyone. By offering the mobile installment method of paying for solar energy, the company has pioneered a better way to supply safe power to millions of off-grid homes.
M-KOPA Solar sells solar home systems on an affordable mobile money payment plan, with an initial $35 deposit, followed by 365 payments of 45 cents. After completing the payment package, customers own a world-class solar home system, with multiple lights, phone charging and a radio.