OnePay raises funding from Maroc Numeric Fund II

Posted on: 9 July, 2020 at 9:14 AM

OnePay has announced a MAD 4 million (about $414,330) investment from Maroc Numeric Fund II (MNF II).

OnePay is a Moroccan fintech company that operates as a distributor of means of payment and aggregator of payment and value-added services in electronic transactions.

The funds raised will be fully invested in Morocco. They will enable the company to invest in technical, marketing and commercial resources in order to extend its network to a large number of users.

The co-founder of OnePay, Karim Zaitouni has accumulated 21 years of experience as an innovative and dynamic player in the field of electronic payment and value-added transactions.

This is the first investment of the new fund Maroc Numeric Fund II and the 18th investment of its management team, taking into account the investments made by the Maroc Numeric Fund I, which is now in a divestment phase.

Dounia Boumehdi, managing director of MITC Capital, the management company of Maroc Numeric Fund II said, “The management team of the fund is proud to accompany OnePay which has strong growth potential in Morocco and on the African continent, by responding to the major issue of financial inclusion through the expansion of access to financial services.”

Reach Africa’s private equity community by publishing a Showcase Article on Africa Private Equity News. Contact us at editor@africaprivateequitynews.com for our rate card and more information.

css.php