OnePay, a fintech startup based in Casablanca, announced raising $409,000 (MAD 4 million) from MITC Capital’s Maroc Numeric Fund II.
OnePay is a distributor of means of payment and aggregator of value-added electronic transactions. All funds raised will be used to scale their local operations. The investment partly covers marketing, technical and commercial resources within that network.
Mr. Karim Zaitouni, the co-founder of OnePay, has over 2 decades of experience working as an innovator and dynamic player in electronic transactions and value-added transactions.
OnePay is the product of a co-investment between SisPay S.A and MNF II fund, both experts in banking development, private payment solutions, and value-added. It runs on a unique integrated platform SISWIN that covers homogenous and harmonized platforms with the right payment tools, Mobile Wallets, and management of virtual tools, and value-added services such as loyalty cards, gift vouchers, discount cards, phone top-ups, and oil payment systems.
This is the first investment round Maroc Numeric Fund II and the 18th investment into the management team who are taking into account the investments by Maroc Numeric Fund I.
According to Mrs. Dounia Boumehdi, MD of MITC Capital, which is the manages the Maroc Numeric Fund II, it’s management team can proudly accompany OnePay startup which boasts a strong growth potential in Morrocoo and the continent at large.
Since 2010, Maroc Numeric Fund is the model tech investment fund for startups in Morroco. Their management team has unrivalled expertise that has culminated in their support of several Morroccan success stories. Maroc Numeric Fund offers more than financial leverage, they are an accelerator for high-potential startups.