Internews Center for Innovation & Learning

Internews Center for Innovation & Learning
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Kopo Kopo

Kopo Kopo offers a software-as-a-service that enables Small and Medium Enterprises (SMEs) in Sub-Saharan Africa to affordably integrate with mobile money systems (e.g. Safaricom M-Pesa, Airtel Money). Kopo Kopo is one of the first companies to offer this service on a subscription basis and is positioning itself to be the leading mobile money payment gateway in sub-Saharan Africa. The Kopo Kopo platform is written in Ruby on Rails and sits on Amazon Web Services. It connects to mobile money systems and management information systems via an array of integration options, depending on the capacity of the systems involved.

The name Kopo Kopo comes from kobboh kobboh, the Krio word for money, from Sierra Leone. After spending the first part of 2010 in Freetown, Kopo Kopo was incorporated in the United States in August 2010 and opened a branch in Kenya in May 2011 after winning the Pivot25 competition organizaed by the iHub Nairobi. 

(from Kopo Kopo Website)

Key Features: 
Accept mobile payments from any mBanking platform; Segment customers based on their actual purchase behavior; Analytics to visualize data; Integrate with 3rd party systems via web service APIs; Add e-commerce widget to a website
Suitable for: 
Accept and process payments in real-time from different mBanking systems, like to create revenue stream for radio stations from existing mobile payment systems
Time commitment: 
Medium: the system needs to be customized according to the user
Not suitable for: 
no internet connection available for the users
Technical expertise needed: 
Low: the company provide different services according to the expertise existing on the user's end.
Cost: 
$$$
Cost considerations: 
There are 4 possible options--> Starter: Free; Professional: Ksh 1,500; Premier: Ksh 5,000; Enterprise: Ksh 25,000