Moroccan fintech startup, OnePay secures US$409,000 from Maroc Numeric Fund II to fund market expansion drive.

Moroccan fintech startup, OnePay secures US$409,000

MOROCCO – Morocco’s fast rising fintech startup, OnePay has secured a total of US$409, 000 from the Maroc Numeric Fund II to fund its expansion plans.

OnePay in a press statement revealed that it intends to invest the funds in technical, marketing and commercial resources in order to extend its network to a large number of users.

OnePay, which operates as a distributor of means of payment and aggregator of payment and value-added services in electronic transactions, further explained that it intended to channel all the funds towards the development of its Moroccan market.

The co-founder of OnePay, Mr. Karim Zaitouni has accumulated 21 years of experience as an innovative and dynamic player in the field of electronic payment and value-added transactions.

He is therefore seen as a key pillar in OnePay even as it strives to act and serve as a reference solution for the aggregation of payments and value-added services in electronic transactions.

OnePay is the result of a co-investment between the MNF II fund and SisPay S.A., an expert in the development of banking and private payment solutions and value-added services.

Its unique integrated platform” SISWIN”, is now installed in several major accounts in Morocco and Africa.

The SISWIN platform offers a single homogeneous and harmonized platform for a number of financial services including payment tools, management of virtual cards, Mobile Wallets and value-added services such as loyalty schemes, oil payment systems, phone top-up, and discount cards.

 The OpenPay investment is the 1st investment of the new fund Maroc Numeric Fund II and the 18th investment of its management team which was in charge of Maroc Numeric Fund I, now in its divestment phase.

 “The management team of the fund is proud to accompany OnePay startup which has a strong growth potential in Morocco and on the African continent, said Mrs. Dounia Boumehdi, Managing Director of MITC Capital, the management company of Maroc Numeric Fund II.

Maroc Numeric Fund is since 2010, the reference investment fund in technology startups in Morocco.

More than a simple financial leverage, Maroc Numeric Fund is a real accelerator for high-potential start-ups.

The fund acts as an active shareholder by providing its portfolio companies, in addition to investment, with advisory and support for their managers, while holding a seat on their boards.

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