BMCE Capital Investments to Support Moroccan Startup PTS with Equity Investment – Fintech News Egypt

Casablanca, MoroccoBMCE Capital Investments, the private equity arm of BMCE Capital Group, has announced the signing of a conditional agreement to acquire a stake in Premium Technology & Services (PTS), a fast-growing Moroccan startup specializing in digital payment solutions. The investment, valued at USD 497,900 (5 million dirhams), is being made through BMCE’s Capital Venture Fund and is contingent on approval from Morocco’s Competition Council.

The funding will enable PTS to bolster its operations and fuel its expansion within Morocco and into international markets.

Driving Growth in Morocco’s Digital Payments Market

Founded in 2020 by a team of experienced entrepreneurs, PTS operates in Morocco’s rapidly growing digital payments sector. The market’s expansion is being driven by a tech-savvy, young population and the increasing adoption of e-commerce.

According to Mastercard, the growth of the digital payments market aligns with global digital transformation trends, further highlighting the potential of this dynamic industry.

Projected Market Expansion

Data from Statista reveals that the value of digital transactions in Morocco is expected to reach USD 6.53 billion by the end of 2024 and is projected to grow to USD 8.47 billion by 2028.

PTS is well-positioned to capitalize on this growth, offering innovative solutions that digitize traditional banking cards and cater to the evolving needs of financial institutions and businesses.

Strategic Collaborations and Future Plans

PTS has already established strategic partnerships with key players in Morocco’s banking sector, including Bank of Africa, demonstrating the reliability and demand for its solutions.

With BMCE Capital Investments’ financial backing, the startup aims to enhance its presence in Morocco’s digital payment landscape and explore international markets. The funding will also support continued innovation to meet the growing demand for digital financial solutions.

Commitment to Economic Growth and Innovation

BMCE Capital Investments, regulated by the Moroccan Capital Market Authority, is dedicated to fostering economic development and supporting entrepreneurship and innovation in Morocco.

This latest investment underscores BMCE Capital’s confidence in PTS’s ability to shape the future of fintech in Morocco and beyond, while contributing to the country’s digital and economic growth.

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