TIME magazine named an African business founded by two Oxford Saïd alumni as one of the world’s most influential companies of 2023, alongside Apple and SpaceX.
Jesse Moore, Chad Larson and Nick Hughes founded M-KOPA, an African-based fintech platform providing digital financial services to underbanked consumers, in 2010. They then recruited a fellow Oxford Saïd alumni, David Damberger, as a managing director. Jesse, Chad and David studied for their MBA through the coveted Skoll Scholarship.
The award-winning fintech is helping to transform sub-Saharan Africa by giving the financially excluded access to credit for everyday essentials, including smartphones, electric motorcycles and solar power systems, by combining the power of digital micropayments with the Internet-of-Things. Since launching, they have given access to $1 billion in products and credit.
David shared in a Q&A what it meant to be listed in the TIME100 Most Influential Companies of 2023, navigating the tension between profits and purpose, their experience at Oxford Saïd, and advice to future founders hoping to make an impact