The Morocco Fintech Center (MFC) officially launched on Wednesday in Rabat, following the inaugural general assembly held by its founding members. This new association is designed to serve as a unified platform for fintech companies, with the goal of streamlining their growth and fostering innovation across the financial technology landscape.
On the same day, the first meeting of the MFC Board of Directors took place under the chairmanship of Abdellatif Jouahri, Governor of Bank Al-Maghrib (BAM). During this session, Mustapha Lahlali was named the association’s Executive Director. According to a statement issued by BAM, a monitoring committee was also established to assist Lahlali in his duties, while the board outlined the association’s priorities, budget, and membership contributions.
In a collective effort to boost the fintech sector, board members committed to accelerating the development of a vibrant national fintech ecosystem. They emphasized their intention to create a framework that connects Morocco to regional and international markets, fostering collaboration and global competitiveness.
The Morocco Fintech Center is backed by several prominent institutions. Among its founding members are the Ministry of Economy and Finance, represented by Nadia Fettah Alaoui; the Ministry of Digital Transformation and Administrative Reform, represented by Amal El Fallah Seghrouchni; Bank Al-Maghrib, represented by Abdellatif Jouahri; and the Moroccan Capital Market Authority, represented by Nezha Hayat. The Authority for Insurance and Social Security Control, Mohammed VI Fund for Investment, TAMWILCOM, the Digital Development Agency, Al Akhawayn University, Mohammed VI Polytechnic University, Attijariwafa Bank, Banque Centrale Populaire, Bank of Africa, CDG Invest, and HPS are also key members.
The general assembly approved the possibility of welcoming additional organizations to the association, signaling an openness to expanding the initiative’s reach and resources.
The Morocco Fintech Center’s mission is clear. It aims to act as a centralized hub for fintech companies, providing them with support through tailored programs focused on business incubation, acceleration, and skill development. The center will also guide fintech startups in navigating Morocco’s regulatory framework while facilitating their access to funding opportunities.
Additionally, the center aspires to build a collaborative ecosystem that promotes networking, strategic partnerships, and financial innovation. By encouraging research and development in fintech, the MFC seeks to position Morocco as a leading player in the global financial technology sector.
This launch represents a major step forward in shaping Morocco’s digital economy. By uniting public and private sector players, the Morocco Fintech Center is set to transform the fintech landscape and establish the country as a hub for innovation and growth.
