Private Equity Investor BMCE Backs Moroccan Fintech PTS with $500K
TLDR
- BMCE Capital Investments is the private equity arm of BMCE Capital Group
- It plans to acquire a stake in Premium Technology & Services (PTS), a Moroccan digital payment startup.
- PTS specializes in digital payment solutions, including tools for digitizing traditional banking cards.
BMCE Capital Investments, the private equity arm of BMCE Capital Group, has signed a conditional agreement to acquire a stake in Premium Technology & Services (PTS), a Moroccan digital payment startup.
The investment, valued at $500,000, awaits approval from Morocco’s Competition Council and is aimed at driving PTS's local and international growth.
Founded in 2020, PTS specializes in digital payment solutions, including tools for digitizing traditional banking cards. The startup has partnerships with major Moroccan banks, such as Bank of Africa, positioning it as a key player in the country’s fintech sector.
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Key Takeaways
BMCE Capital’s investment in PTS signals confidence in Morocco’s growing fintech sector. The funding will enable PTS to expand its operations and innovate further, aligning with global shifts toward cashless payment systems. With strategic backing, PTS is set to enhance its market leadership in Morocco while pursuing international opportunities in digital payments.
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