, a Moroccan startup specialising in digital payment solutions after a $500,000 investment){kind=link}
BMCE Capital Investments, the private equity arm of the BMCE Capital Group is set to acquire a stake in Premium Technology & Services (PTS), a Moroccan startup specialising in digital payment solutions after a $500,000 investment which is aimed to drive its growth both locally and internationally.
Founded in 2020 ,PTS has quickly established itself as a pioneer in payment technology. The startup focuses on innovative solutions designed to revolutionise payment services. Its offerings include advanced tools for digitising traditional banking cards, tailored to the evolving needs of banks and businesses.
PTS has already secured partnerships with major Moroccan banks, including Bank of Africa, underscoring the reliability and relevance of its services.
Studies show that the value of digital transactions in Morocco is expected to reach USD 6.53 billion by the end of 2024. Digital transactions are expected to raise USD 8.468 billion by 2028.
With this investment, PTS is poised to grow, offering innovative tools that digitize traditional banking cards. It is catering to the evolving needs of financial institutions and businesses.
With this new financial and strategic support from BMCE Capital Investments, PTS is poised to strengthen its market position and accelerate its journey toward becoming a leader in Morocco’s digital payment sector while pursuing international expansion.
The investment which is made through the group’s Capital Venture Fund, is pending approval from Morocco’s Competition Council. The funding will enable PTS to innovate further and scale its operations, aligning with the growing demand for digital payment solutions in an increasingly cashless world.
BMCE Capital Investments’ commitment reflects its confidence in PTS’s potential to shape the future of fintech in Morocco and beyond.
BMCE Capital, the investment banking unit within Bank Of Africa – BMCE Group, offers a wide range of financial solutions to corporate, institutional and individual clients and intends to play a leading role in shaping the continent’s financial markets.
With its headquarter in Casablanca, a true exchange hub between Europe, Africa and the Middle East, BMCE Capital is present in Tunisia through its subsidiary Axis Capital and in West Africa through another subsidiary BOA Capital.
The growth strategy of BMCE Capital rests on a clear strategic vision shared by all its employees: become a pan-African leader in investment banking.