About Cash Plus
Cash Plus is a company based in Casablanca (Morocco) founded in 2004.. Cash Plus has raised $60.2 million across 3 funding rounds from investors including International Finance Corporation, FMO and Mediterrania Capital Partners. Cash Plus has completed 1 acquisition, including Sle3ti. Cash Plus offers products and services including Cash Plus Account and International Money Transfer.
- Headquarter Casablanca, Morocco
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Cash Plus
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$60.2 M (USD)
in 3 rounds
-
Latest Funding Round
$60.2 M (USD), Series B
Oct 18, 2023
-
Investors
International Finance Corporation
& 3 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Cash Plus
Cash Plus offers a comprehensive portfolio of products and services, including Cash Plus Account and International Money Transfer. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A payment account is offered that includes free maintenance and access to features like money transfers via a mobile application.
Money transfers are facilitated to international destinations through the platform, ensuring quick and secure handling of funds.
Unlock access to complete
Funding Insights of Cash Plus
Cash Plus has successfully raised a total of $60.2M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $60.2 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $60.2M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series B - Cash Plus | Valuation | IFC , FMO | |
| May, 2019 | Amount | Series A - Cash Plus | Valuation | Richbond |
|
| Jul, 2014 | Amount | Private Equity Round - Cash Plus | Valuation | Mediterrania Capital Partners |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cash Plus
Cash Plus has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, FMO and Mediterrania Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
IFC is focused on private sector development in emerging markets.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location | |
|
Development financing is provided for entrepreneurial ventures in emerging markets.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Cash Plus
Cash Plus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sle3ti. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Multi-category grocery products are supplied through a B2B marketplace platform.
|
2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Cash Plus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cash Plus Comparisons
Competitors of Cash Plus
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Cash Plus
When was Cash Plus founded?
Cash Plus was founded in 2004 and raised its 1st funding round 10 years after it was founded.
Where is Cash Plus located?
Cash Plus is headquartered in Casablanca, Morocco.
Who is the current CEO of Cash Plus?
Hazim Sebbata is the current CEO of Cash Plus.
Is Cash Plus a funded company?
Cash Plus is a funded company, having raised a total of $60.2M across 3 funding rounds to date.
What does Cash Plus do?
Founded in 2004 and based in Casablanca, Morocco, Cash Plus operates in the financial services sector. Payment accounts equipped with cards and mobile apps for fund management are offered, alongside domestic and international money transfers. Bill payment services are facilitated, as well as voucher sales, currency exchange, and e-commerce payment processing. Parcel sending and receiving are supported, with a mortgage financing comparison tool available.
What products or services does Cash Plus offer?
Cash Plus offers Cash Plus Account and International Money Transfer.
How many acquisitions has Cash Plus made?
Cash Plus has made 1 acquisition, including Sle3ti.
Who are Cash Plus's investors?
Cash Plus has 4 investors. Key investors include International Finance Corporation, FMO, Mediterrania Capital Partners, and Richbond.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.