A new study projects a substantial rise in global revenue generated by Banking-as-a-Service(BaaS) platforms. The report, from Juniper Research, anticipates a 158% growth in revenue stemming from account/card issuing and transaction fees, catapulting figures from $36.4 billion in the current year to an estimated $94 billion by 2028. This surge is primarily attributed to the … Read more
In a move to boost Morocco’s startup ecosystem, the Mohammed VI Investment Fund (FM6I) has unveiled plans to establish dedicated “startup funds” in collaboration with key governmental and financial institutions. Announced in Rabat, it signals a pivotal moment in the nation’s efforts to foster a vibrant startup culture with global impact. Teaming up with the … Read more
ORA Technologies has bagged seed-funding worth US$1.5m. Money from for the Moroccan-based super-app came from locally-based entrepreneurs. It will use the money to expand. ORA’s mobile app offers P2P transactions, e-commerce, on-demand services, chat functionality, social networking and a future digital wallet. It was founded last year by CEO Omar Alami. Last November ORA raised … Read more
