Mediterrania Capital leads deal for Morocco’s Cash Plus

15-10-2023; Africa Capital Digest

Making its second investment for its fourth fund, Mediterrania Capital Partners has led two development finance institutions investing in a well-established Moroccan payments provider. In total, the three investors are putting €57 million (or $60 million) to work in Casablanca-headquartered Cash Plus, a 20-year-old business offering customers digital payments services via a network of 3,600 Point of Sale locations across Morocco or a mobile wallet solution that’s signed up more than 1 million users to date.