Mediterrania Capital Partners has led a EUR 57mn investment round in CASH PLUS with FMO and IFC as co-investors.
CASH PLUS, a Moroccan financial services provider, will use the equity funding to grow its branch network domestically and internationally—so far it serves more than one million customers in its home market and has more than 3,6000 physical locations.
The commitment is the second investment by MCIV, which invested in Laprophan in May this year.
Asafo and Accuracy provided legal and financial due diligence services to the investors, while company was advised by DLA Piper.