The TIME100 Most Influential Companies list recognises innovative companies making an extraordinary impact around the world.

Fintech platform M-KOPA has been named to the TIME100 Most Influential Companies list for the second consecutive year.

This recognition highlights the company's impact in expanding financial inclusion across Africa, with over 4 million people using its financing solutions.

Founded in 2011, M-KOPA provides digital financial services to underbanked consumers by leveraging data to combine digital micropayments with Internet of Things technology. 

Its financial model allows individuals to pay a small deposit and gain instant access to everyday essentials, as well as smartphones, electric motorcycles, and solar power systems.

The company currently operates in five markets: Kenya, Uganda, Nigeria, Ghana, and South Africa.

Jesse Moore, CEO and co-founder of M-KOPA, welcomes the recognition, stating that the fintech is looking forward to continuing its meaningful impact through its products and services.

The TIME100 Most Influential Companies list recognises innovative companies making an extraordinary impact around the world.

To compile the list, TIME magazine solicited nominations across various sectors and polled its global network of contributors, correspondents, and outside experts. 

TIME editors then evaluated each nominee on key factors, including impact, innovation, ambition, and success. The result is a diverse group of 100 businesses helping chart an essential path forward.