Cash Plus
Founded Year
2004Stage
Private Equity - II | AliveTotal Raised
$60.47MLast Raised
$60.47M | 2 yrs agoAbout Cash Plus
Cash Plus is a fintech company that provides digital financial services. The company offers products including digital payment accounts, international and national money transfers, bill and tax payments, and a mobile application for managing these services. Cash Plus serves individuals and businesses seeking financial solutions. It was founded in 2004 and is based in Casablanca, Morocco.
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Research containing Cash Plus
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Cash Plus in 1 CB Insights research brief, most recently on Jan 18, 2024.
Jan 18, 2024 report
State of Fintech 2023 ReportExpert Collections containing Cash Plus
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cash Plus is included in 1 Expert Collection, including Payments.
Payments
3,277 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Latest Cash Plus News
Sep 17, 2025
CASHPLUS and PayPal Partner to Enable Digital Withdrawals in Morocco New service allows PayPal users to access funds in Moroccan Dirhams directly via the CASHPLUS app Get the hottest Fintech Middle East News once a month in your Inbox CASHPLUS, a Moroccan financial services and fintech provider, has entered into a partnership with PayPal to introduce a fully digital option for users in Morocco to withdraw PayPal funds in local currency. The arrangement allows PayPal account holders in Morocco to transfer their balances instantly in Moroccan Dirhams (MAD) through the CASHPLUS mobile application, removing the need for branch visits, paperwork, or intermediaries. CASHPLUS is currently the only provider in the country offering digital PayPal withdrawals. The feature is expected to benefit freelancers, entrepreneurs, content creators, and e-commerce sellers who rely on international transactions. Otto Williams “At PayPal, we believe financial services should be digital first, accessible, inclusive, and designed for how people live and work today,” said Otto Williams, Senior Vice President, Regional Head and General Manager for the Middle East and Africa at PayPal. “Our partnership with CASHPLUS brings that vision to life in Morocco, offering users an all-in-one wallet experience that makes withdrawing PayPal earnings faster, simpler, and entirely branch-free. Whether they’re running an online store or freelancing for global clients, users can now manage local and international finances seamlessly from a single app.” Morocco, with more than 18 million internet users, is witnessing growth in its digital economy. The country’s digital payments market is projected to expand from US$14.29 billion in 2025 to over US$35 billion by 2030. The CASHPLUS-PayPal partnership is positioned within this broader context of digital financial development. The initiative also supports Morocco’s National Financial Inclusion Strategy, which seeks to include 75 per cent of adults in the formal financial system by 2030. Providing the option to withdraw earnings from platforms such as PayPal without the need for a foreign bank account addresses a long-standing challenge faced by Morocco’s digital workforce. Nabil Amar, President of the CASHPLUS Group, said: Nabil Amar “This partnership with PayPal is a key milestone in our mission to democratise access to global financial services. By enabling instant, secure withdrawals in MAD, we’re empowering Morocco’s digital generation with the autonomy, speed, and simplicity they expect, all within a single app.”
Cash Plus Frequently Asked Questions (FAQ)
When was Cash Plus founded?
Cash Plus was founded in 2004.
Where is Cash Plus's headquarters?
Cash Plus's headquarters is located at 1 Rue des Pleiades, Casablanca.
What is Cash Plus's latest funding round?
Cash Plus's latest funding round is Private Equity - II.
How much did Cash Plus raise?
Cash Plus raised a total of $60.47M.
Who are the investors of Cash Plus?
Investors of Cash Plus include Mediterrania Capital Partners, FMO, IFC, Richbond, M Capital Partners and 3 more.
Who are Cash Plus's competitors?
Competitors of Cash Plus include YMoney and 7 more.
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Compare Cash Plus to Competitors
Mashreq Neo is a digital banking platform operating in the financial services industry. The company offers a variety of banking services through its smartphone application, including transactional accounts, savings accounts, insurance, and investment products. It primarily serves the digital banking sector. It was founded in 1967 and is based in Dubai, United Arab Emirates.
Teledolar specializes in electronic transfers and deposits, operating within the financial technology sector. The company offers solutions for digitalizing payment processes, withdrawals, remittances, business transactions, and other electronic procedures for a diverse range of clients including corporate, banking, SMEs, retail, and individuals. Teledolar primarily serves sectors that require digital payment and transfer services, such as the banking industry, retail sector, and small to medium-sized enterprises. It was founded in 1997 and is based in New York, New York.
Money Pay is a multinational financial services company focused on providing a comprehensive range of financial solutions. The company offers services including investment management, financial compliance, portfolio growth, asset protection, and data security, tailored to meet the unique needs of individual, business, and organizational clients. Money Pay primarily serves clients in various sectors seeking personalized financial strategies and business financial solutions. It was founded in 2019 and is based in Tel Aviv, Israel.
YMoney is a digital payment solution provider focusing on the financial technology sector. The company offers instant money transfers and mobile payment services, enabling users to send money to Guinea and make payments without cash, both with and without internet access. It serves individuals looking for ways to manage their financial transactions within Africa and to its diaspora. It was founded in 2018 and is based in Paris, France.
DizzitUp operates as a global marketplace focused on providing products and decentralized finance services to African merchants across various sectors. The company offers platform for buying, selling, and financing goods and services, blockchain technology for settlement and transfers. DizzitUp serves the African market, catering to sectors such as renewable energy, food, and healthcare. It was founded in 2018 and is based in Paris, France.
TransferGo specializes in international money transfers. The company offers a platform for individuals and businesses to send money abroad, focusing on local currency transfers. TransferGo serves the migrant community and businesses that require cross-border payment solutions. It was founded in 2012 and is based in London, England.
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