Equiti Group, a Dubai, UAE-based provider of trading technology and services for platforms, acquired Cloud Invest, a Casablanca, Morocco-based digital payment technology provider.
The amount of the deal was not disclosed.
By leveraging Cloud Invest’s experience of over 10 years working with banks, financial institutions and partners such as Mastercard, Visa and Network International, Equiti aims to enhance its service offerings.
Led by CEO Otman Ayoujil, Cloud Invest offers a comprehensive range of products and services that empower banks, retailers, micro-finance, and other industries to enable customer payment services. Its omni-channel payment solutions cover traditional electronic payment transactions and support new digital transactions. The company’s solutions allow acceptors to efficiently process various payment methods, including cash, bank accounts, cards, d-cards, d-wallets and RFID tags. For account holders, Cloud Invest offers a variety of ways to engage in digital payment experiences. Cloud Invest ensures a secure payment process across multiple channels, whether through mobile devices, web platforms, self-service kiosks, point-of-sale (POS) systems, or ATMs.
Led by CEO Iskandar Najjar, Equity Group provides trading technology and services on the world’s leading trading platforms. The Group’s global footprint includes local offices in Europe, the UK, the Middle East, Africa, and the Asia Pacific region.
FinSMEs
31/05/2023