Funding

Moroccan Startup Aza Petrolsolutions Has Raised US$296,000 In Funding From The Maroc Numeric Fund II

Founded in 2020 by Zakaria Azemzi, Fatima Ezzahra Azemzi and Abdelaziz Elaiachi, Aza develops tech-based solutions tailored to the oil distribution industry. The startup offers a fully automated system that streamlines refueling and distribution operations as well as facilitating the use of mobile payments at service stations.

The MAD3 million funding round will help the startup expand its operations, with the deal marking the sixth investment made by the Maroc Numeric Fund II.

“We are happy to support Aza Petrosolutions in its development. We were seduced by the quality and complementarity of its teams, and by the innovations they have developed and which meet real digitalization needs in the oil distribution industry,” said Dounia Boumehdi, managing director of MITC Capital, the management company behind the Maroc Numeric Fund II.

Source
Disrupt Africa

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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