M-KOPA Names Ex-Nokia Exec Rajeev Suri New Board Chairperson
TLDR
- M-KOPA appoints Rajeev Suri, former Nokia and Inmarsat CEO, as new Chairperson, enhancing leadership for Africa expansion.
- Suri to provide strategic guidance for M-KOPA's AI credit analytics platform and foster partnerships for underbanked outreach.
- Elizabeth Littlefield transitions to independent director role on the board post-Suri's appointment.
M-KOPA, a fintech company serving emerging markets, has named Rajeev Suri as its new Chairperson, effective December 1, 2024.
Suri, a former CEO of Nokia and Inmarsat, and current Chair of Jamaican telco Digicel, brings extensive leadership experience to M-KOPA as the company looks to expand its services across Africa.
Suri will offer strategic insights to help M-KOPA refine its AI-powered credit analytics platform and explore partnerships to better serve underbanked populations. He succeeds Elizabeth Littlefield, who will remain on the board as an independent director.
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Key Takeaways
M-KOPA, which raised over $250 million in 2023, provides affordable smartphones and digital financial services to underserved consumers and has disbursed over $1.5 billion in credit to more than 5 million customers across five African countries. Rajeev Suri’s appointment as Chairperson signals M-KOPA’s focus on scaling its operations and services across Africa’s fintech landscape.
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