We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as the international legal counsel to ZCP, an investment firm backed by the Sawiris family, in its investment in Solva Group Ltd (“Solva”) and its subsidiaries, the leading Central Asian fintech business based out of Almaty, Kazakhstan.

ZCP’s USD 20 million investment will support Solva’s ongoing transformation from a microfinance organization into a fully licensed SME focused bank. The transformation will significantly increase Solva’s capacity and financing outreach, bring new funding sources from current accounts and deposits and add transactional products to the offering. The equity investment will also speed up the company’s regional expansion plans focused on bringing Solva’s credit scoring platform and inclusive finance principles across Central Asia.

The team advising on the investment was led by Omar S. Bassiouny (Founding Partner and Group Head of Corporate and M&A) and included Ossama Abouzaid (Senior Associate).

 For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.