MCI.EuroVentures, a private equity sub-fund, has agreed to acquire 100 % shares in Mobiltek, the owner of Dotpay, an electronic payments provider in Poland.

MCI.EuroVentures said that this acquisition aligns with its strategy to expand exposure to services in the financial technologies sector (FinTech).

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Dotpay provides payments by debit cards and mobile payments.

Dotpay is planning to strengthen its activity in the mobile payments sector and offer new payment services for individual customers and merchants in the next two to three years.

The company has also unveiled plans to foray into Central and Eastern Europe markets and to build multi-channel distribution within the next three to five years.

MCI. EuroVentures fund manager Cezary Smorszczewski said: "In line with the investment strategy which we followed earlier this year, we are focusing on the very promising area of cashless payments. Dotpay and Mobiltek are next attractive companies from this part of the market, and their offer complements the offer of eCard, the company also managed by the fund.

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"The cooperation between these three companies under the guidance of our fund will contribute to a dynamic growth of the customer base and the extent of provided services to the benefit of all companies."

Mobiltek CEO Dorota Ubysz said: We are now able to mark a stronger presence both in Poland and other CEE markets.

"Our strategy includes ambitious plans of developing new products and services. We believe that innovative e-commerce or mobile payments solution created by the group will bring benefits to both merchants and individual customers. We’re counting on strong support from the Fund in the implementation of this strategy."