Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital
Stage Focus
Seed, Early Stage, Growth
Geographical Focus
Europe, Ghana, Morocco, Middle East, Africa
Industries Focus
- Financial Services
- Technology
- Insurance
Investment Size:
200,000 to 3,000,000 USD
Investor Details Founded: 2022
Attijariwafa Ventures is the strategic venture capital investment fund of the Attijariwafa Bank Group. With an international focus, Attijariwafa Ventures strives to provide capital and accelerate the growth of startups by connecting them to its broad ecosystem of leaders, experts, and key decision-makers in Africa and around the world. Attijariwafa Ventures invests in 'Tech for Finance' startups that aim to bring innovation to the world of finance and insurance.
The fund's operations are built on two main pillars: 1. Equity Financing: Through minority stakes ranging from $200,000 to $3 million, the fund enables startups to benefit from essential resources while preserving their autonomy. 2. Growth Acceleration: By integrating startups into the ecosystems of Attijariwafa Bank and Wafa Assurance, which operate in 27 countries and serve over 12 million clients, the fund offers them scalability opportunities without imposing exclusivity.
Attijariwafa Ventures represents Attijariwafa Bank within the Morocco Fintech Center (MFC) association. The MFC aims to serve as a single point of access for Fintechs, supporting their development through mentoring, incubation, acceleration, and skills development programs. It also helps them better understand the regulatory environment and facilitates their access to financing.
Requirements
- Startups in the 'Tech for Finance' sector aiming to innovate in finance and insurance.
Contact
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Portfolio Companies
- Affinity Africa
Mentioned In
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