Finance

SEAF Morocco Growth Fund invests in brokerage firm SOS Crédit

Tuesday, 02 July 2019 13:42
SEAF Morocco Growth Fund invests in brokerage firm SOS Crédit

(Ecofin Agency) - SEAF Morocco Growth Fund (SMGF), an investment fund that targets high growth potential companies in North Africa, announced it has invested in the brokerage firm SOS Crédit.
This operation is SMGF’s third investment since it was launched in April last year. The fund will support the expansion of SOS Crédit in Morocco and on the international market.
“This partnership will enable us achieve our vision of emerging as leaders in the online brokerage of financial products, whether traditional or sharia-compliant […] with the ambition of exploring other international markets by 2020,” commented Ben Slimane, founder and CEO of SOS Credit.
SMG, managed by SEAF Morocco Capital Partners, operates an $18 million capital obtained from the Moroccan banking group BMCE Bank, the Central Guarantee Fund, the American investment group SEAF and Wise Venture Capital.
SEAF Morocco Growth Fund supports structured companies that can generate significant financial returns while having a significant social and environmental impact.
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