What is CASH PLUS?
Established in 2004, Cash Plus has cultivated expertise in money transfers, prioritizing customer well-being. Now operating as a payment institution approved by Bank Al Maghrib, the company offers a comprehensive suite of financial and para-financial services. This latest round of financing, totaling $60M, signals a pivotal moment for Cash Plus as it looks to further solidify its market presence and enhance its service offerings.
How much funding has CASH PLUS raised?
CASH PLUS has raised a total of $60M across 1 funding round:
Other Financing Round
$60M
Other Financing Round (2023): $60M with participation from Fmo and Mediterrania Capital Partners
Key Investors in CASH PLUS
Fmo
FMO is the Dutch entrepreneurial development bank, a public-private institution majority-owned by the Dutch state that provides long-term loans, guarantees, and equity investments to private companies and financial institutions in emerging markets to stimulate sustainable private-sector development.
Mediterrania Capital Partners
Mediterrania Capital Partners is a Private Equity firm focused on investing in consolidated and growing mid-cap companies across Africa. The firm targets institutional financial institutions and high-net-worth private investors, aiming to ignite transformative change in sectors crucial for the development of African economies, including construction, healthcare, education, food manufacturing, and financial services for low-income individuals.
What's next for CASH PLUS?
The substantial enterprise-level backing and recent strategic investment indicate a strong confidence in Cash Plus's business model and future growth potential. This capital is likely to fuel strategic initiatives, potentially including service expansion, technological advancements, and market penetration. The company is poised to leverage this financial momentum to reinforce its role as a key player in the financial services landscape, particularly within its operational regions.
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