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Doha – Attijariwafa Ventures and UM6P Ventures signed a framework agreement to boost entrepreneurial innovation across Africa, combining their resources to invest in technology startups.
The partnership will focus on joint investments in fintech, insurtech, deeptech, and greentech startups. Attijariwafa Ventures, backed by Attijariwafa Bank and Wafa Assurance, offers minority stakes ranging from MAD 2 million ($200,000) to MAD 30 million ($3 million) without requiring exclusivity from portfolio companies.
“By joining forces with UM6P Ventures, we strengthen our role as an engaged player in supporting innovation and entrepreneurship,” said Hamza Mikou, CEO of Attijariwafa Ventures.
The agreement enables startups to access academic, industrial, and financial ecosystems from both institutions.
By integrating into Attijariwafa Bank and Wafa Assurance’s network — spanning 27 countries and serving more than 12 million clients — portfolio companies gain immense scalability opportunities.
“This collaboration marks an important step in our shared commitment to a robust and inclusive innovation ecosystem in Africa,” said Yassine Laghzioui, CEO of UM6P Ventures.
UM6P Ventures, established in 2019 as the investment arm of Mohammed VI Polytechnic University, operates two distinct funds: a Digital Transformation Startup fund and a Deeptech Ventures fund.
The firm actively invests in agriculture, chemicals, greentech, healthtech, and Industry 4.0, while providing scientific projects with laboratory-to-market transition support.
It also partners with native and international programs, including incubators, accelerators, and business angels, providing portfolio companies access to specialized equipment and infrastructure.
Attijariwafa Ventures, founded in 2022, targets early to growth-stage investment opportunities across Africa, Europe, and the Middle East, specializing in financial services technology, including payments, regtech, P2P lending, equity crowdfunding, KYC, blockchain, and ICO.
The initiative aligns with Morocco’s objectives in innovation, technological sovereignty, and human capital development, supporting the continent’s major transitions through technological advancement.
