NAIROBI, Kenya- M-Kopa, the innovative solar power and fintech company, has tapped Rajeev Suri, the former CEO of Nokia, as its new board chair, effective December 1, 2024.
The appointment comes as M-Kopa continues to expand its reach, delivering financial solutions to underbanked populations in emerging markets.
Suri, who also serves as Chairman of Digicel and a board director at Singtel, brings a wealth of global leadership experience.
His role at M-Kopa will focus on providing strategic oversight and guidance as the company looks to accelerate its growth.
Rajeev Suri is no stranger to guiding companies through transformative phases. His experience steering Nokia through international expansion is exactly what M-Kopa hopes to leverage as it continues its journey of innovation.
Jesse Moore, CEO and Co-Founder of M-Kopa, expressed his excitement about Suri’s appointment:
“We are thrilled to welcome Rajeev to the board as we enter this next phase of growth for the business,” Moore said. “His proven leadership in steering international companies through periods of rapid expansion will be invaluable.”
With over 5 million customers and more than $1.5 billion in credit deployed across five markets, M-Kopa is well-positioned to benefit from Suri’s expertise.
The company’s model, which provides smartphone financing and ongoing financial relationships through AI credit analytics, has proven to be a game-changer in bridging the digital and financial inclusion gap.
Suri joins M-Kopa at a critical moment, as the fintech firm continues to expand its footprint across Africa and beyond.
Known for its cutting-edge use of technology, including artificial intelligence, M-Kopa is changing how financial services are delivered to underbanked populations.
Suri is equally enthusiastic about his new role: “M-Kopa represents one of the most exciting fintech propositions, not only in Africa but globally,” he said. “Their use of leading-edge technologies and AI to solve the critical challenge of digital and financial inclusion is compelling.”
His arrival is expected to bring fresh insights into M-Kopa’s mission to transform financial access.
