MSS Holding Project

Objectif officiel

Provision of (i) a committed equity investment of USD 14.7m (including pro-rata share of transaction costs) in DigiPay U.A., an entity established for the sole purpose of investing in MSS Holding, and (ii) an uncommitted follow-on equity investment envelope of up to USD 6.3m to enable pursuing inorganic growth opportunities. By supporting Lorax's investment in the Company, Lorax will leverage on its experience as an investor in successful fintechs in the region and will drive growth by: i) pursuing geographic expansion into underserved countries in the region; ii) strategically expanding the client base; and iii) further developing the product suite. The proposed Project is aligned with EBRD's Strategy for Egypt (BDS/EG/21-01 (F)) which looks to enhance Egypt's competitiveness by supporting the private sector growth and promote greater financial inclusion by advancing fintech and other digital solutions. It is aligned with the TMT Strategy (BDS19-224) by investing in high growth, technology focused companies, which introduce new and innovative applications that bring the benefits of technology to consumers and businesses. The Project also fits with the Financial Sector Strategy (BDS21-178(F)), as it contributes to the strengthening of the financial sector's readiness to respond to challenges by "future-proofing" the sector through providing capital and adding a strong digitalisation push with new fintech market participants. Similarly, the Project is aligned with the Approach to Accelerating the Digital Transition (BDS21-122) as it supports the digital transformation and adoption of digital tools among non-digital native firms.

Texte publié par le bailleur. Il décrit une intention au moment de l’approbation, pas un résultat obtenu.

Calendrier

Début déclaré

24 mars 2025

Financement

Budget déclaré

92 279 EUR

Budget déclaré dans la devise du bailleur, sans conversion.

Place du numérique

100 % du projet relève des secteurs numériques, selon la ventilation déclarée par le bailleur. Le numérique en est l’objet principal.

• Technologies de l’information et de la communication (TIC) 100 %

Thèmes

• Finance numérique et paiements (Finance numérique en Égypte) : « financial inclusion » figure dans l’objectif officiel.
• Économie numérique et innovation (Économie numérique en Égypte) : « digital transformation » figure dans l’objectif officiel.

Documents officiels

Aucun document publié dans les données ouvertes pour ce projet.