Storyline
M-KOPA Buys Finnish Lock Tech
Timeline
- Sat, Oct 10LatestUnverified — not yet reviewed
M-KOPA Acquires Finnish Device-Locking Firm KilpiTek for $8 Million
African asset-finance company M-KOPA has acquired Finnish device-locking technology firm KilpiTek Oy for $8 million, bringing proprietary device management intellectual property in-house. The acquisition strengthens M-KOPA's pay-as-you-go model by reducing reliance on third-party lock technology across its African markets.
- Fri, Oct 9Unverified — not yet reviewed
M-KOPA Hits $600 Million Revenue and 10 Million Customers on 15th Anniversary
African asset-finance fintech M-KOPA has reported record revenue of $600 million and a customer base of 10 million on its 15th anniversary, with growth reportedly running at approximately 45 percent. Separately, analysis of the company's financials shows product margins have halved as lending becomes the dominant revenue driver, signalling a material business-model shift. M-KOPA also completed the acquisition of Finnish device-locking firm KilpiTek Oy for $8 million, bringing proprietary lock technology in-house to secure its PAYGo model.
- Thu, Oct 8Unverified — not yet reviewed
M-KOPA Acquires Finnish Device-Locking Firm KilpiTek for $8 Million
African asset-finance company M-KOPA has acquired Finnish device-locking technology firm KilpiTek Oy for $8 million, bringing proprietary device management intellectual property in-house. The acquisition strengthens M-KOPA's asset-finance model across its African markets by reducing reliance on third-party lock technology.