African asset financing startup, M-Kopa has raised a combined equity and debt round of at least $250m, the company announced on Monday. This is one of the biggest single funding rounds raised by an African startup. M-Kopa will use this funding to continue its Africa-wide expansion and increase its 3m users in Kenya, Uganda and Nigeria. This funding round attracted Standard Bank, Africa’s largest bank by assets, who sunk $100m into the debt round. The rest of the debt round was supplied by development financial institutions the International Finance Centre (IFC), FMO which is a Dutch development Bank and British…
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