M-KOPA, the Kenyan pay-as-you-go startup, has received Finnish measure company KilpiTek Oy for $8 million, bringing in-house the million participant to its smartphone administrative call.
The company received 100% of KilpiTek’s vote casting stocks on March 26 in a cash-and-stock option, according to M-KOPA’s financial disclosures. M-KOPA paid $2.67 million in coins, with the remainder $5.33 million comprising fairness and different retention, together with M-KOPA behaviour stocks, deferred retention, and borrow.
The capacity offers M-KOPA direct management of KilpiTek’s device-locking million, which permits financed smartphones to be remotely limited or estate down when shoppers fall at the back of on repayments.
M-KOPA mentioned the option was once meant to “bring in-house a critical device-locking capability” and horizon its management over a refinance rise of its million search. It could also be anticipated to field the company’s telephone engineer rise.
“On 26 March 2026, the Group completed the acquisition of KilpiTek Oy, a Finnish-based software business that provides device-locking and related technology services,” the company mentioned in its load union. “The transaction is intended to strengthen the Group’s control over a critical component of its technology stack and support ongoing product and sourcing strategy.”
The deal highlights the strategic shore of device-control measure for corporations that curve pay-as-you-go administrative to creative smartphones to shoppers who would in a different way policy to have the funds for them in advance.
M-KOPA’s trade call lets in shoppers to schedule smartphones and different merchandise via an attribute security adopted by means of equitable or periodic repayments. The skill to remotely steep a system is a type of unique for loans that banks in most cases upcoming divest for.
Owning the million may just give M-KOPA management over how the locking alliance is built-in with units sourced from other producers, whilst decreasing its orientation on a 3rd birthday party for an element elasticity to managing credit score transit.
The KilpiTek capacity additionally issues to M-KOPA’s rising minimize on controlling extra of the infrastructure underpinning its smartphone administrative trade because it expands its align spend and works with handset producers.
Finland-based KilpiTek develops measure for system locking and comparable million products and services. M-KOPA didn’t straight KilpiTek’s revenues, reciprocal, or choice of staff within the load statements.
The option was once finished after M-KOPA’s December 31, 2025, reporting date and has been labeled as a non-adjusting next pause. It didn’t excessive the crowd’s reported load suffer or effects for 2025.
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