Morocco: Maroc Numeric Fund II backs Aza Petrosolutions
Aza Petrosolutions has raised investment of MAD 3 million (c. $295,000) from the Maroc Numeric Fund II.
Based in Agadir, Aza Petrosolutions (formerly Aza Petroleum) is a start-up specialising in the design of technological solutions and the creation of smart and connected objects, dedicated to the oil distribution industry.
The solutions developed by AZA Petrosolutions gives its clients a full monitoring solution, allowing them to eliminate the traditional methods of reconciliation, and incorporates an automated system for managing refueling and distribution operations as well as the introduction of mobile payment at service stations.
This is the sixth investment of Maroc Numeric Fund II and the 23rd investment of its management team, taking into account the investments made by Maroc Numeric Fund I, which is now in the divestment phase.
Dounia Boumehdi, managing director of MITC Capital, the management company of Maroc Numeric Fund II said, “We are happy to support Aza Petrosolutions in its development. We were seduced by the quality and complementarity of its teams, and by the innovations they have developed, which meet real digitalisation needs in the oil distribution industry.”