Mogo, East Africa’s leading asset financier, has announced that it has financed more than 500,000 smartphones across the region within just 14 months, underscoring rising demand for affordable digital credit and flexible payment plans.
In Uganda, the company says it accounts for more than half of this volume over the same period, driven by fast digital approvals, expanding retail partnerships, and increasing uptake of small, flexible repayment plans that allow customers to acquire smartphones through daily instalments.
Mogo has partnered with Transsion Holdings smartphone brands including TECNO, Infinix and itel, as well as Airtel Uganda, to expand access to affordable, quality devices for low- and middle-income households.
“We’re thrilled to have financed more than 500,000 smartphones across East Africa in such a short time,” said Brian Nyanga, Head of Sales – Device Financing at Mogo Uganda.
“In both Kenya and Uganda, we’ve already crossed the 200,000 mark each, which clearly shows strong market demand for affordable and flexible smartphone financing options.”
He added: “What makes Mogo stand out is the speed and simplicity of our process. Customers walk into a store, choose a device, complete a quick digital application, and leave with their phone within minutes.”
The strong performance reflects growing demand for smartphones, which have become essential tools for communication, business, education, and access to financial services.
Mogo is now targeting one million financed customers across East Africa while expanding partnerships with original equipment manufacturers (OEMs) to broaden device choice.
“Our goal is to make quality smartphones accessible to more people, regardless of income level. Many customers cannot afford to pay the full price upfront, so our financing model removes that barrier and makes ownership easier,” Nyanga said.
The company has also expanded its retail network, working with more than 500 outlets and dealers across the region to improve access in both urban and rural markets.
“We continue to expand our reach by partnering with distributors who connect directly with customers across different market segments,” he added.
To qualify for a Mogo smartphone loan, customers are required to present a national ID and make an initial deposit of between 25% and 32%.
The remaining balance is repaid through daily instalments of up to 12 months via the MyMogo App.