PULS BIZNESU: MCI takes over Dotpay
MCI.TechVentures 1.0, a fund managed by Private Equity Managers Group, has purchased 100% of shares in Mobiltek, the owner of Dotpay – one of the leading players on the electronic payments market in Poland. The investment follows up on last year’s acquisitions in the internet payments sector. Earlier projects taken on by MCI Group funds include iZettle, e-Card and Azimo. The Fund is planning further investments in this sector, with several hundred million Polish zlotys to spend in 2016.
“Investments in the fintech sector in 2014 reached USD 12 billion globally, a four-fold increase with respect to 2013. It is now one of the fastest-growing markets in the world, with a good outlook for further dynamic growth. It is one of our key investment directions. We can already boast the largest portfolio of fintech companies among Polish funds and we are nowhere near done” – says Cezary Smorszczewski, PEM President.