Sanlam Maroc, a subsidiary of Sanlam Limited, Africas leading insurer partly owned by billionaire Patrice Motsepe, said it has taken an equity stake in Woliz, a Moroccan startup that helps neighborhood shops move their operations online.
The insurer invested 2.2 million, marking its first venture-style deal under a long-term private equity approach. The move brings Sanlam into a fast-growing corner of Moroccos economy, where small retailers remain central to daily commerce but often lack access to formal financial services.
Sanlam backs Woliz retail fintech
