Mediterrania Capital Partners backs Morocco's Cash Plus
www.africaprivateequitynews.com
Mediterrania Capital Partners has announced a €57 million investment in Moroccan financial services provider Cash Plus together with FMO and IFC. Completion of the deal is pending regulatory approvals. Cash Plus provides online payment and transfer services and has more than 3,600 physical locations across Morocco, making it one of the country’s largest financial service providers. The combined €57 million equity investment will enable Cash Plus to continue developing its network of branches in Morocco and internationally, and enhance the company’s digital financial services offerings by further developing its M-Wallet application.
Mediterrania Capital Partners backs Morocco's Cash Plus
Mediterrania Capital Partners backs Morocco's…
Mediterrania Capital Partners backs Morocco's Cash Plus
Mediterrania Capital Partners has announced a €57 million investment in Moroccan financial services provider Cash Plus together with FMO and IFC. Completion of the deal is pending regulatory approvals. Cash Plus provides online payment and transfer services and has more than 3,600 physical locations across Morocco, making it one of the country’s largest financial service providers. The combined €57 million equity investment will enable Cash Plus to continue developing its network of branches in Morocco and internationally, and enhance the company’s digital financial services offerings by further developing its M-Wallet application.