Mediterrania Capital Partners completes a partial exit from Cash Plus
Cash Plus is a money transfer and financial services provider in Morocco.
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Mediterrania Capital Partners has announced the partial sale of its stake in Cash Plus – a money transfer and financial services provider in Morocco – through an IPO on the Casablanca Stock Exchange.
Albert Alsina, founder and CEO of Mediterrania, said: “Over the last few years, Cash Plus has become one of the largest fintech platforms in Africa, with a clear financial inclusion strategy. Its transformation is a testament to strong leadership and disciplined execution driven by its president and CEO, Nabil Amar, and its board.”
Hatim Ben Ahmed, managing partner at Mediterrania, added: “Two years after our investment, we are proud to have contributed to the development of a true fintech champion. This partial exit aligns with our broader strategy and fully supports Cash Plus’ ambitions for continued product development and expanded geographic reach.”
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