Stock offering and NewConnect listing

For mPay S.A., we conducted a private placement of shares, raising PLN 2.5 million in the process. We floated the company’s shares on the NewConnect market in 2011, and subsequently served as the Company’s Authorized Adviser.

mPay S.A. is a leading Polish provider of m-payment solutions. The company’s flagship product is the mPay application, which allows users to purchase traffic tickets, pay for paid parking or fund prepaid phone accounts using a smartphone or tablet. In providing services, mPay uses its own platform, which is compatible with any mobile network and any phone, easy to use and has a low cost for the payer, recipient, and operator. The main access interfaces are USSD-text and voice-IVR sessions, and the mPay system is also NFC-ready. Since 2007, mPay has been a licensed clearing agent, authorized to process transactions made via mobile devices. Since 2013, the “LEW” Group has been a strategic investor in mPay. In September 2016, the Polish Financial Supervision Authority issued a permit under which mPay S.A. is allowed to provide services as a National Payment Institution (IP39/2016). In 2015, the company launched a virtual wallet using MasterPass technology. The mPay application is already used by more than one million users. Paying for parking with the mPay application is possible in nearly 70 Polish cities, while public transport tickets using mPay can be purchased in more than 100 cities. The company won the Fintech title in 2021 in a nationwide competition held as part of the Invest Cuffs congress.

Deal timeline

October 24, 2011: rights to the company’s Series L shares debuted on NewConnect; 4.8 million rights were admitted to trading, 23 investors took up the issue, and the company raised PLN 2.5 million from it.
October 24, 2011: the price of the rights rose 2% at the opening of the first trading day, to PLN 0.52.

Service: NewConnect projects

Client:

MPAY S.A.