M-KOPA announced US$600 million revenue for its 2025 financial year, a 45 per cent increase, and said its customer base reached 10 million across Kenya, Nigeria, Ghana, Uganda and South Africa.
The fintech added three million new users in the past twelve months, onboarding roughly 10,000 customers each day and processing micropayments at a rate of 23 transactions per second.
The company completed the acquisition of Finnish software firm KilpiTek Oy on March 26, 2026 for about US$8 million, of which US$2.67 million was paid in cash and the remainder consisted of ordinary shares, deferred and other consideration.
M-KOPA said the purchase gives it direct control of technology that can remotely lock financed smartphones when repayments are missed, strengthening its grip on a critical component of its technology stack and supporting its product and sourcing strategy.
KilpiTek’s portfolio includes cloud-managed endpoint and IoT systems, digital locking and unlocking, secure connectivity, AI-driven forensics and security hardening, as well as software and mobile applications for pay-as-you-go and micro-financing models.
Chief Financial Officer Faraimose Kutadzaushe described 2025 as a record year, noting profitability and reinvestment in products, technology and distribution to expand reach among Africa’s underserved earners.
M-KOPA’s workforce grew to more than 2,500 full-time staff after hiring about 200 new employees, a 9 per cent rise, while its sales network added over 5,000 agents, bringing total agent earnings opportunities to nearly 50,000.
Since entering smartphone financing in 2020, the firm has recorded a five-year compound annual growth rate of 50 per cent and launched its latest X4 smartphone series this month, backed by Africa’s largest smartphone assembly plant in Kenya.
The company also finances electric mobility, with more than 10,000 electric motorcycles and three-wheelers now operating in Kenya, and reports that customers increasingly use multiple products such as smartphones, digital loans and electric-mobility assets over multi-year relationships.
Founded in 2011 as a provider of financed solar systems, M-KOPA has broadened its offering to include smartphones, digital credit and electric-mobility solutions, marking its 15-year anniversary.
