M-KOPA said it generated US$600 million in revenue for the 2025 financial year and completed the acquisition of Finnish software firm KilpiTek Oy for approximately US$8 million on March 26, 2026.
The deal comprised US$2.67 million in cash with the balance of US$5.33 million paid in ordinary shares, deferred consideration and other forms of consideration.
Revenue rose 45 per cent in the year and the customer base reached 10 million across Kenya, Nigeria, Ghana, Uganda and South Africa, with three million new customers joining in the previous 12 months.
M-KOPA now offers financed smartphones, digital loans and electric-mobility products, having launched its X4 smartphone series this month and financing more than 10,000 electric motorcycles and three-wheelers in Kenya.
The firm employs more than 2,500 full-time staff, added about 200 employees during the year – a 9 per cent increase – and expanded its sales network by over 5,000 agents, bringing the total to nearly 50,000.
It onboards roughly 10,000 new customers each day and processes micropayments at a rate of 23 transactions per second.
“2025 was a record year for M-KOPA, with customer and revenue growth reaching new highs,” said Chief Financial Officer Faraimose Kutadzaushe, adding that the company remained profitable while reinvesting in products, technology and distribution.
The KilpiTek acquisition is intended to give M-KOPA direct control over device-locking and IoT management technology that enables remote restriction of financed smartphones when repayments are missed.
Founded in 2011, M-KOPA began as a provider of financed solar systems and celebrated its 15th anniversary while reporting a five-year compound annual growth rate of 50 per cent in smartphone financing.
