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Cash Plus S.A.

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Year established

2004

Location

Casablanca Morocco

Primary Industry

Financial Services

About

Founded in 2004 and based in Casablanca, Morocco, Cash Plus SA, formerly known as ramaPAR, operates as a money transfer company and financial services provider. In July 2014, Mediterrania Capital Partners acquired a 49% minority stake in the company and sold 40% of its stake to Groupe Richbond in May 2019 and the rest of its stake to a group of Moroccan family offices in January 2021. Cash Plus offers services such as online banking, money transfer, currency exchange, bill payment, car sticker payment, tax payment, travel tickets and cash payment for purchases made on trading sites. The company also offers a mobile application to use its online banking services. The company’s aim is to build a strong money transfer player with an extensive network. Currently, the sector is growing at an average growth rate of 13% for international transfers and an average growth rate of 26% for national transfers.
Current Investors
Mediterrania Capital Partners

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Primary Industry
Financial Services
Sub Industries
Consumer Finance, Credit Collections & Services
Website
www.cashplus.ma
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only

Deals

Deals Type
Growth
Trade Sale
Trade Sale
Growth
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Announced Cash Plus S.A. 10 Oct 2023
Completed Cash Plus S.A. 27 Jan 2021
Completed Cash Plus S.A. 02 May 2019
Completed Cash Plus S.A. 31 Jul 2014
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