Mediterrania Capital Partners Invests €57 Million in Moroccan Financial Services Provider CASH PLUS
Mediterrania Capital Partners, in collaboration with FMO and IFC, has made a combined equity investment of €57 million in Moroccan financial services provider CASH PLUS. The investment will support CASH PLUS in expanding its network of branches, enhancing digital financial services, and promoting financial inclusion in Morocco.
Key Points:
- CASH PLUS, a leading financial services provider in Morocco, offers online payment and transfer services and operates over 3,600 physical locations across the country.
- The €57 million equity investment will enable CASH PLUS to continue developing its branch network, enhance its M-Wallet application, and boost financial inclusion.
- Mediterrania Capital Partners aims to support CASH PLUS in its ambitious development strategy, creating additional value for customers and stakeholders.
- The investment aligns with Mediterrania Capital Partners’ mission to improve lives through responsible investments, with a focus on promoting financial inclusion and access to essential services.
- This investment in CASH PLUS marks Mediterrania Capital Partners’ second investment of MC IV, following its investment in pharmaceutical company Laprophan in May 2023.
- The investor consortium received legal advice from Asafo and financial due diligence support from Accuracy. CASH PLUS was advised by DLA Piper.
Analysis: Mediterrania Capital Partners’ substantial investment in CASH PLUS reflects a strategic move to support the expansion and development of a leading financial services provider in Morocco. By providing funding for branch network expansion and digital financial services enhancement, Mediterrania Capital Partners aims to contribute to the promotion of financial inclusion and accessibility in the region. This investment aligns with their broader mission of responsible investing, emphasizing the positive impact on individuals and communities. The collaboration with FMO and IFC further underscores the shared commitment to fostering economic development and financial empowerment in Morocco.
