M-KOPA Acquires Finnish Device-Locking Firm KilpiTek Oy for $8 Million

M-KOPA has acquired Finnish device-locking company KilpiTek Oy for $8 million, adding proprietary device-disablement technology to its asset-financing model. M-KOPA operates in Ghana, and the acquisition could affect the mechanics and risk management of its financed-device credit products in the market.