Maroc Numeric fund - Afrikan Heroes

Maroc Numeric Fund Meets Diaspora Startupers For Its New Fund

January 30, 2023

Following the expansion of its investment strategy to include start-ups formed by Moroccans around the world, Maroc Numeric Fund (MNF) arranged a visit to Paris on Thursday and Friday to meet startupers from the Moroccan diaspora in France.

The fund held two meetings this time. The first was exclusive to Station F residents on Thursday; Station F is the world’s largest startup campus. The second was held this past Friday at the Maison du Maroc Foundation and was accessible to all Moroccan startup entrepreneurs based in France and internationally. Indeed, according to Omar El Hyani, head of investments at the Fund, the current policy now permits investments in businesses based abroad.

He continued, noting that these meetings provided an opportunity to explain to these young businesspeople how to operate and the selection processes for candidate files for investment as well as allow for a detailed return to the expansion of the investment strategy of Maroc Numeric Fund II (MNF II).

The team met a lot of Moroccan entrepreneurs over the course of these two days, and El Hyani stated that the next step will be to examine the investment application files that were submitted to determine whether they satisfy all the requirements for selection.

Aassem Diane, the leader of a start-up in the medical industry, emphasised the significance of these gatherings, stressing that this kind of initiative makes it possible to find solutions to the many challenges that young entrepreneurs face, particularly the issue of funding at the beginning of the project.

According to him, these initiatives will probably inspire businesspeople from the Moroccan diaspora to build subsidiaries in Morocco and expand internationally.

Maroc Numeric Fund II is an institutional fund that invests in high-growth technological firms. Tamwilcom (previously Caisse Centrale de Garantie) founded the Innov Invest programme, and its owners include Tamwilcom, Attijariwafa Bank, Chaabi Capital Investissement, BMCE Bank of Africa, and MITC, the Technoparks management business.

MNF II follows the MNF fund, which was established in 2010 and reached the end of its investment phase in 2016, having made a total of 17 investments in Moroccan technological start-ups in various disciplines.

Recognizing the importance of the Moroccan diaspora in the development of Morocco’s startup ecosystem, MNF II recently announced the expansion of its investment strategy to include firms formed outside Morocco by Moroccans living abroad (MRE).

This expansion of MNF II’s investment strategy, approved by the Fund’s control bodies, permits it to invest in Moroccan entrepreneurs headquartered in Morocco, in addition to Moroccan startups based in Morocco. the unknown.

MNF II, which was founded in 2018, has made investments in businesses in industries such as Fintech, EdTech, LegalTech, and Artificial Intelligence.

Maroc Numeric Fund Diaspora Maroc Numeric Fund Diaspora

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Charles Rapulu Udoh

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

Maroc Numeric Fund Searching For The Next Set Of Startups To Invest In

October 1, 2021

Since 2010, the Maroc Numeric Fund has become the go-to investment fund for technology startups in Morocco. The management team’s competence has resulted in the birth of various Moroccan success stories. Maroc Numeric Fund is more than a financial lever; it is a true catalyst for high-potential entrepreneurs. While serving on the boards of its portfolio firms, it acts as an active shareholder by providing guidance and monitoring of their management in addition to investing.

The Fund is currently organizing an online Speed Pitching session for Moroccan tech startups wishing to raise funds. The session will take place online on October 26.

To apply, submit your projects on http://mnf.ma/votre-projet before October 15, 2021.

In which sectors is Maroc Numeric Fund investing?

The Fund invests in innovative startups operating in the information and communication technology sector with high growth potential. The project must present a form of innovation in relation to the national industry, but this may also lie in the technology, the business model, the marketing method or the very nature of the use of the product or service.

Maroc Numeric Fund reserves up to a maximum of 20% of its capital for other innovative sectors (e.g. biotechnology, green technologies, etc.).

It does not, however, consider projects mainly dedicated to e-commerce, distributors, importers or training or technological consulting firms.

It also does not consider projects in competition with startups in its portfolio.

In which country does Maroc Numeric Fund invest?

Maroc Numeric Fund invests only in companies registered in Morocco.

However, all or part of the activity may be carried out abroad or for export.

Additional Information?

To know more click here.

Maroc Numeric Fund startups Maroc Numeric Fund startups

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Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer

Moroccan Fintech Startup OnePay Raises $409k From Maroc Numeric Fund II

July 9, 2020

OnePay, a Moroccan fintech that operates as a distributor of means of payment and aggregator of payment and value-added services in electronic transactions has raised a MAD 4 million ($409,000) investment from Maroc Numeric Fund II. The startup plans to invest the fund in its operations in Morocco.

*Mrs. Dounia Boumehdi, Managing Director of MITC Capital*

Here Is What You Need To Know

The Moroccan OnePay ’s latest investment 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”, which encompasses in a single homogeneous and harmonized platform the payment tools, management of virtual cards, Mobile Wallets (with all its components) and value-added services (loyalty, oil payment systems, phone top-up, discount card, virtual gift vouchers, etc…), is now installed in several major accounts in Morocco and Africa.
They will enable the company to invest in technical, marketing and commercial resources in order to extend its network to a large number of users.

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Why The Investor Invested

Maroc Numeric Fund is since 2010, the reference investment fund in technology startups in Morocco. The expertise accumulated by its management team has led to the emergence of several Moroccan success stories. More than a simple financial leverage, Maroc Numeric Fund is a real accelerator for high-potential start-ups. It 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.

This is the 1st investment of the new fund Maroc Numeric Fund II and the 18th investment of its management team, taking into account the investments made by the fund Maroc Numeric Fund I, which is now in a 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, by responding to the major issue of financial inclusion through the expansion of access to financial services,” Mrs. Dounia Boumehdi, Managing Director of MITC Capital, the management company of Maroc Numeric Fund II, said.

A Look At What The Startup Does

The OnePay platform acts and serves as a reference solution for the aggregation of payments and value-added services in electronic transactions.

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

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer