Al Barid Bank, Barid Cash, and CDG Invest, the Investment Branch of the CDG Group, have signed an agreement aimed at promoting the creation and development of fintech startups in Morocco. This partnership is part of the “212Founders” program by CDG Invest, dedicated to investing in and supporting startups with international ambitions. The “212Founders” program launched by CDG Invest aims to energize the fintech ecosystem in Morocco by establishing a support system for fintech projects from the ideation phase to market launch.
Al Barid Bank and its subsidiary Barid Cash, with their mission of financial inclusion, aim to implement innovative, inclusive banking solutions that bring value to all Moroccans while fostering entrepreneurship in the field of new technologies.
This alliance reflects the shared commitment of CDG Invest and the Al Barid Bank Group to promote development and innovation in the field of new technologies related to finance by providing aspiring Moroccan fintech companies with a facilitating framework, including the provision of technological infrastructure conducive to the realization of their projects.
Thus, this partnership, fully aligned with the strategic vision of its signatories, aims to efficiently support the momentum in the fintech sector in Morocco.
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard.