BMCE Capital Investments invests $500,000 in PTS for equity stake
- Morocco-based fintech Premium Technology & Services (PTS) has raised $500,000 in investment from BMCE Capital Investments, the private equity arm of the BMCE Capital Group, for an undisclosed stake in the company.
- Founded in 2020 by Samir Younes and two others, PTS offers advanced tools for digitising traditional banking cards, tailored to the evolving needs of banks and businesses.
- The funding is expected to enable PTS to innovate further and scale its operations.
Source: 7News Morocco
BMCE Capital Investments, the private equity arm of the BMCE Capital Group, has announced the signing of a conditional agreement to acquire a stake in Premium Technology & Services (PTS), a Moroccan startup specialising in digital payment solutions. The investment, made through the group’s Capital Venture Fund, is contingent on approval from Morocco’s Competition Council. The deal is expected to inject 5 million dirhams into PTS to drive its growth both locally and internationally.
Founded in 2020 by three seasoned entrepreneurs with diverse expertise, 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. 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 funding is expected to 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.
