mBank will set up the first fund in Central and Eastern Europe that will specialise in developing and commercialising new technologies. The Polish bank wants to become one of the leaders shaping the financial sector’s digital transformation. The investment will be of benefit to mBank’s customers who will be the first to get access to the new solutions.
mBank will invest EUR 50 million (or ca. PLN 200 million) in new technologies as part of the mAccelerator (mAkcelerator) project. The bank’s management board decided to set up a fund that will invest in technology start-ups. It will be the first venture of this kind in Central and Eastern Europe.