Premium Technology and Services (PTS), a Casablanca-based fintech company specializing in digital payment solutions, has secured funding from Fonds Capital Venture (FCV). The financing round aims to bolster the company’s growth ambitions both domestically and internationally.
According recent disclosures from the Moroccan Competition Council, FCV has acquired a 5.75% stake in PTS, alongside voting rights, as part of a joint control agreement with existing shareholders.
Fonds Capital Venture (FCV) is a Moroccan investment fund based in Casablanca. FCV focuses on early-stage investments in high-potential local businesses. The firm which operates out of 63 Boulevard Moulay Youssef, is is a subsidiary of BMCE Capital Investments. The firm’s participation is expected to inject MAD 5 million ($500,000) into PTS to drive its development.
Founded in 2020 by Samir Younes and two co-founders with multidisciplinary expertise, Premium Technology and Services operates in the digital payments sector. The company’s headquarters are located at 1st Floor, Immeuble 14 (Panorama Offices), Boulevard Abou Bakr Kadiri, Sidi Maarouf, Casablanca, and it is registered under the number 470799.
PTS’s innovative solutions cater to the banking, petroleum, and telecommunications sectors, focusing on automating payment processes. Over the past four years, the startup has positioned itself as a key player in the Moroccan fintech ecosystem.
The fresh capital injection is expected to accelerate the development of PTS’s technological solutions and expand its reach. The funding aligns with the broader goals of fostering innovation in Morocco’s fintech industry and strengthening the country’s digital economy.
BMCE Capital Investments highlighted that the investment underscores its commitment to supporting high-impact startups. FCV’s participation reflects a growing trend among Moroccan investors to back scalable technology ventures.
“This first fundraising is a crucial step in the development of our startup. This strategic partnership with Fonds Capital Venture, a subsidiary of BMCE Capital Investments, will enable us to enhance our innovative solutions with new features, double our workforce, and accelerate our growth on an international scale,” Samir Younes, CEO and Co-founder of PTS said.
As the Moroccan fintech space evolves, investments such as the one in PTS are poised to enhance the competitiveness of local startups. PTS’s strategic focus on digitized payment systems could position it as a regional leader, particularly as it looks to scale operations beyond Morocco.