M-KOPA acquires Finnish device-locking company KilpiTek Oy for $8 million
The company acquired 100% of KilpiTek’s voting shares on March 26 in a cash-and-stock transaction, according to M-KOPA’s financial disclosures.
Kenyan mobile payments provider M-KOPA has bought Finnish device-locking company KilpiTek Oy for $8 million, integrating the technology behind its phone financing model. The acquisition took place on March 26, 2026, with M-KOPA paying $2.67 million in cash and the remaining $5.33 million in equity and other value. KilpiTek's software controls smartphones that cannot be fully paid for, allowing M-KOPA to remotely deactivate or restrict devices that customers fall behind on repayments.
This move bolsters M-KOPA's control of its technology stack and its strategy for sourcing phones, reducing dependence on external vendors for a vital component of its credit risk management.
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