The SEAF Morocco Growth Fund (SMGF) has made an undisclosed investment in SOS Credit, a fintech startup based in Casablanca.
CEO Bachir Benslimane launched the fintech company in 2016. For Moroccans seeking mortgage-related financial products, the startup’s SOS Credit online platform provides free mortgage brokerage services.
SOS Credit’s expansion will be aided and expedited by the investment.
In a statement released last month, Slimane stated that SOS Credit’s collaboration with the SEAF Morocco Growth Fund will help the fintech realize its goal of becoming a pioneer in the online brokerage of financial products, whether conventional or sharia-compliant.
“This effort began in Morocco through soscreditimmo.ma, with the ambition of exploring other international markets by 2020,” added Slimane.
By the time of publication, Ventureburn had not heard back from Slimane regarding the specifics of the transaction or SOS Credit’s expansion plans.
SEAF stated that it had invested in SOS Credit due to the company’s innovative business line, high growth potential, and potential impact on Moroccan society.
