M-KOPA announced the appointment of Rajeev Suri as Chairperson of its Board, a position he will assume effective December 1st, 2024 succeding Elizabeth Littlefield who will continue serving as an independent board director and chair of the ESG and Impact committee.
“We are thrilled to welcome Mr. Rajeev to the board as we enter this next phase of growth for the business,” Jesse Moore CEO & Co-Founder of M-KOPA said in a statement. “His proven leadership in steering international companies through periods of rapid expansion will be invaluable.”
As board chair, Rajeev will provide critical oversight, strategic insights, and guidance to the M-KOPA leadership team as it navigates this next phase in its evolution as a leading global fintech.
Commenting on his appointment Suri said “M-KOPA represents one of the most exciting fintech propositions, not only in Africa but globally. Their use of leading-edge technologies and artificial intelligence to solve the critical challenge of digital and financial inclusion is compelling and has the potential to change the way we think about consumers in emerging markets.”
“I am excited to join this team and look forward to driving impactful solutions together,” he concluded.
Suri is a recognized leader in technology and telecommunications, with deep experience leading companies across the globe. Having served as CEO for Nokia and Inmarsat —in addition to his role as the current Chairperson of Digicel and board director at Singtel, his executive and board-level expertise will help M-KOPA as it continues to innovate and expand its reach across markets.
Moore appreciated and applauded Littlefield’s time as the Chair of the M-KOPA board. “We are deeply grateful to Elizabeth for her outstanding leadership over the past six years.” Adding “She and the board have guided M-KOPA through significant transformation and remarkable growth. While she will be stepping down as chair, we are fortunate to have her continue with the board as an independent director.”
There was no comment from Littlefield.
Mr. Suri joins at a time when M-KOPA has achieved significant scale, with over 5 million customers and more than USD$1.5 billion of credit deployed across five markets; Kenya, Uganda, Nigeria, Ghana, and South Africa.
