Latest news with #AttijariwafaVentures
Wamda
06-05-2025
- Business
- Wamda
Attijariwafa Ventures backs Tunisian fintech Konnect in multi-investor round
Tunisia-based fintech company Konnect Networks has secured an undisclosed investment round from Attijariwafa Ventures as part of a wider fundraising round that included participation from Utopia Capital Management, 54 Collective, Visa, Plug and Play Tech Center, Renew Capital, Digital Africa Ventures, and Sunny Side Venture Partners. Konnect, founded in 2021 by Amin Ben Abderrahman, offers seamless payment links, e-commerce plugins, and a robust API designed to cater to businesses of all sizes. The latest investment round will further support the company's expansion and continued innovation in the fintech space. In late 2024, Konnect secured a funding round from Renew Capital for an unknown amount. Press release: Tunisia-based fintech company Konnect Networks has secured investment from Attijariwafa Ventures as part of a wider fundraising round that included participation from Utopia Capital Management, 54 Collective, Visa, Plug and Play Tech Center, Renew Capital, Digital Africa Ventures, and Sunny Side Venture Partners. Konnect Networks is emerging as Tunisia's leading payment orchestration platform, offering secure, scalable, and user-friendly payment solutions tailored to both businesses and individuals. Its offerings cover online and point-of-sale payments, including payment aggregation and real-time transaction capabilities, positioning it at the forefront of digital financial services in the country. The company has achieved several key milestones recently, including being granted the first Payment Facilitator license by the Central Bank of Tunisia. It has recorded over 20% month-over-month growth and reached a 4% share of Tunisia's e-commerce market in just three years. Led by CEO Amin Ben Abderrahman, Konnect aims to drive financial inclusion and digital transformation across Tunisia and the broader region. The latest investment round will further support the company's expansion and continued innovation in the fintech space.
Morocco World
10-04-2025
- Business
- Morocco World
UM6P Ventures, Attijariwafa Ventures Partner to Boost African Innovation
Doha – Attijariwafa Ventures and UM6P Ventures signed a framework agreement to boost entrepreneurial innovation across Africa, combining their resources to invest in technology startups. The partnership will focus on joint investments in fintech, insurtech, deeptech, and greentech startups. Attijariwafa Ventures, backed by Attijariwafa Bank and Wafa Assurance, offers minority stakes ranging from MAD 2 million ($200,000) to MAD 30 million ($3 million) without requiring exclusivity from portfolio companies. 'By joining forces with UM6P Ventures, we strengthen our role as an engaged player in supporting innovation and entrepreneurship,' said Hamza Mikou, CEO of Attijariwafa Ventures. The agreement enables startups to access academic, industrial, and financial ecosystems from both institutions. By integrating into Attijariwafa Bank and Wafa Assurance's network — spanning 27 countries and serving more than 12 million clients — portfolio companies gain immense scalability opportunities. 'This collaboration marks an important step in our shared commitment to a robust and inclusive innovation ecosystem in Africa,' said Yassine Laghzioui, CEO of UM6P Ventures. UM6P Ventures, established in 2019 as the investment arm of Mohammed VI Polytechnic University, operates two distinct funds: a Digital Transformation Startup fund and a Deeptech Ventures fund. The firm actively invests in agriculture, chemicals, greentech, healthtech, and Industry 4.0, while providing scientific projects with laboratory-to-market transition support. It also partners with native and international programs, including incubators, accelerators, and business angels, providing portfolio companies access to specialized equipment and infrastructure. Attijariwafa Ventures, founded in 2022, targets early to growth-stage investment opportunities across Africa, Europe, and the Middle East, specializing in financial services technology, including payments, regtech, P2P lending, equity crowdfunding, KYC, blockchain, and ICO. The initiative aligns with Morocco's objectives in innovation, technological sovereignty, and human capital development, supporting the continent's major transitions through technological advancement. Tags: AttijariWafa BankUM6P VenturesYassine Laghzioui
