The Moroccan financial technology company Cash Plus has obtained approval to launch an IPO on the Stock Exchange of Casablanca, the Moroccan Capital Market Authority announced on Friday (AMMC). The company aims to raise 750 million Dirhams (81 million dollars), specified the AMMC in a press release.

The Cash Plus IPO will cover both a capital increase of 2 million new shares and on the sale of 1.8 million existing shares, at a unit price of 200 dirhams. This double operation will make it possible to expand the shareholding while financing the further development of the group.

During the press conference to present the operation, Nabil Amar, CEO of Cash Plus, wanted to clarify the nature of the company's positioning. “We are not only a money transfer company and we are not an establishment banking. We do not grant loans, loans, or savings products; payment accounts cannot go into the red,” he explained, insisting on the uniqueness of the model. And to specify: “We are a Fintech integrated”, with a diversified offer and a solid model focused on innovation.

The business plan presented on this occasion is based on the group's existing services, without currently integrating new products or external growth transactions. However, he testifies with a sustained ambition, with a consolidated Net Banking Income (GNP) expected at 1.457 billion dirhams in 2030, i.e. an average annual growth (TCAM) by 10.6% over the period 2025-2030. This projected performance is based on several levers. The interest margin should remain stable, at a CAGR of 1.2%, to reach -29 million dirhams in 2030, against -27 million in 2025, interest income generated by customer deposits largely offsetting financial expenses related to rental and leasing contracts. En At the same time, the commission margin would increase to a CAGR of 6.6%, reaching 817 million dirhams in 2030, while the result of other activities would show more sustained growth, at a CCAM of 16.3%, to reach 669 million dirhams at the same deadline