Growth Gateway: Opportunities for UK fintech players in Morocco (summary)
Published 10 October 2025
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Morocco’s fintech sector shows potential but lags in start-up activity, funding, and digital payment adoption. This investor marketing pack outlines the strategic potential for UK Fintech players in Morocco, highlighting the country’s emerging but underdeveloped Fintech ecosystem.
With only 47 Fintech start-ups as of 2023, Morocco ranks seventh in Africa, with some key success stories emerging, and underlying economic data, including high internet penetration (93%), a large unbanked population (56%), and a £32 billion mobile money market potential - suggests strong growth potential.
The UK’s Fintech sector, one of the most advanced globally, is well-positioned to support Morocco’s digital financial transformation through investment, partnerships, and knowledge sharing.
The report identifies 4 main opportunity types for UK firms:
- direct investment in Moroccan Fintechs
- corporate partnerships
- market entry for UK Fintechs
- bilateral expertise exchange.
Notable UK-Morocco collaborations include investments by Byid Ventures in Chari and LocalGlobe in Inyad, and multiple partnerships in the remittances sector. Regulatory developments in Morocco, such as frameworks for open banking, crypto-assets, and crowdfunding, are expected to fuel Moroccan Fintech growth.
The Moroccan government’s commitment to Fintech innovation, combined with a growing middle class and strong diaspora remittance flows (£8.7 billion in 2022), enhances the country’s attractiveness for UK engagement.
The UK government, through the Growth Gateway program, is ready to support UK fintechs and fintech investors to discover opportunities in Morocco, through the organisation of dedicated dissemination events, the establishment of links with relevant authorities, the development of an opportunity visualisation tool, and creation of a network of interested players.