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The fintech startup was founded in 2016 by CEO Bachir Benslimane (pictured above, fourth from left).
The startup’s SOS Credit online platform offers free mortgage brokerage services for those looking for mortgage-related financial products in Morocco.
The investment will be used to support and accelerate SOS Credit’s growth.
SOS Credit was founded in 2016 by CEO Bachir Benslimane
Slimane, commenting in a statement last month, said SOS Credit’s partnership with the SEAF Morocco Growth Fund will enable the fintech to achieve its vision of emerging as a leader in the online brokerage of financial products, whether traditional or sharia-compliant.
“This effort began in Morocco through soscreditimmo.ma, with the ambition of exploring other international markets by 2020,” added Slimane.
Ventureburn sought comment from Slimane on SOS Credit’s expansion plans, as well as details of the deal, but had not received a response by the time of publication.
SEAF said it had invested in SOS Credit not only for its innovative business line and prospects for high growth but also for the significant potential impact it will have on Moroccan society.
Featured image: The SEAF Morocco team with SOS CEO and founder Bachir Benslimane and counsels (SEAF)