The IPO of CashPlus has been effective since December 8, 2025. The IPO, which was oversubscribed 64 times, has been a resounding success, raising 750 million dirhams (approximately 69.8 million euros) through a combination of capital increase and share sale.
According to the prospectus consulted by Financial Afrik, the Moroccan fintech company attracted over 80,000 subscribers, making it the second IPO of 2025 in Morocco, after Vicenne’s in July. The amount raised, 750 million dirhams, is divided between two distinct parts: 400 million dirhams allocated to capital increase for the acceleration of the development of its super-app integrating payment cards, QR codes, merchant solutions, and daily digital services; and 350 million dirhams from the sale of 1.8 million shares by Mediterrania Capital, a historical shareholder supporting CashPlus since 2014.
This operation strengthens the positive momentum of the Casablanca Stock Exchange and confirms its growing role in business financing, in line with the ambitions of the New Development Model.
CashPlus, now a key player in financial inclusion in Morocco, has 4,909 branches, nearly 4 million payment accounts (M-Wallet), and over 1.3 million users of its mobile application. Founded in 2004, the company has established itself as one of the leading Moroccan providers of financial services, evolving from simple money transfers to a comprehensive fintech platform combining physical network and digital solutions. Driven by the ambition of its CEO Nabil Amar, CashPlus has expanded its offerings to include payments, currency exchange, payment accounts, and digital services, becoming a central player in financial inclusion.
