Breadfast
Revolutionizing the delivery of household goods
Smartphones are how a young generation works, learns and earns, but fewer than half of mobile connections in Sub-Saharan Africa are smartphones. Cost is the barrier, and without access to credit the second-hand market offers little protection: untested imports with no warranty.
MoPhones was founded in 2023 to close that gap. It sells certified refurbished smartphones on flexible credit through its own channels, agents and merchants. It has completed more than 12,000 device sales and financed over $7 million of smartphones.
Refurbishing also gives each phone a second life, avoiding the emissions and e-waste of making a new one. ADEME, the French environment agency, found that refurbished smartphones emit 92% less greenhouse gas than new ones.
"With a growing merchant channel and new device categories on the horizon, MoPhones is well placed to become a category leader in Africa."
Novastar Ventures Africa People and Planet Fund III (NVIII) invests in MoPhones
Revolutionizing the delivery of household goods
Creating value from waste
Electrifying public transport in Africa
Redefining last-mile delivery in Africa
Inclusive insurance
Sustainable Logistics
Quality refurbsihed phones
Redefining last-mile delivery in Africa
This website is issued by Novastar Ventures Limited, an investment manager authorised and regulated by the UK Financial Conduct Authority and registered in England and Wales.