Arrabet And Skaleet Combine Their Expertise And Launch A New Neo-Banking Offer In Africa.

Paris, Wednesday, November 20, 2024

Arrabet, a major player in digital transformation in Morocco, is partnering with Skaleet, a leading next-generation core banking solutions in Europe and Africa, to launch a new neobank offering dedicated to the African market. This strategic partnership aims to transform access to digital financial services while meeting the growing needs for banking inclusion on the continent.

As the African financial sector digitalizes at a rapid pace, the market presents a unique opportunity: the penetration of banking services continues to expand, driven by a massive adoption of digital technologies. According to the European Investment Bank, the number of fintechs on the continent will almost triple between 2020 and 2024, reflecting an increased demand for modern, accessible and agile banking solutions. However, despite this growth, only 20 to 30% of African bank customers use digital banking services, compared to around 50% in Asia and Latin America. This reveals significant potential for the expansion of neobanks on the continent, particularly among a young and connected population.

Skaleet: A solution designed to shape the new banking era

Since the first implementation of its Core Banking Solution with Trust Merchant Bank and the launch of the digital wallet PEPELE Mobile in 2015, Skaleet has established itself as a reference solution for launching digital banking offers in 4 to 6 months and supporting rapid growth of more than 50% per year, with the best customer experience standards and based on an open but highly secure architecture.

Arrabet: Propelling neobanking on the continent thanks to a high-performance technological ecosystem

Arrabet, a key player in digital transformation in Africa, has been embodying a real lever for technological innovation on a continental scale from Casablanca. With its influence in Europe, sub-Saharan Africa and the Middle East, the Moroccan group stands out for its bold vision and a resolute commitment to sustainability and performance. By guiding companies towards more competitive and innovative models, Arrabet is helping to shape a promising digital future for the continent.

With iconic brands such as Mobiblanc, The Frontline Unit and Foster Processing, Arrabet has built a true ecosystem of technological solutions. This synergy of expertise makes it possible to offer comprehensive and integrated services, ranging from strategic consulting to technical integration, including the development of tailor-made solutions. Thus, Arrabet supports African companies in their digital transformation, by optimizing their operational processes and strengthening their competitiveness on domestic and international markets.

Building on a successful first collaboration with a digital bank in West Africa, Arrabet and Skaleet are strengthening their ties to offer an end-to-end solution to launch or modernize digital banking activities with confidence. This partnership marks a decisive turning point for financial players seeking flexible and scalable solutions, adapted to emerging markets.

ARRABET HOLDING - GROWTH FOR GOOD

Arrabet, based in Casablanca, is a group dedicated to digital transformation and sustainable investments in the technology sector. Since its creation, Arrabet has established itself as a key player in Morocco's economic and technological development, with innovative subsidiaries operating in several areas of digitalization. Its flagship subsidiaries include Mobiblanc, specialized in Digital Delivery, Ackordeon, an expert in Capacity Solutions, Foster Processing, focused on Integration, and The Frontline Unit, dedicated to Technology Consulting. Together, they drive the business performance of companies across the entire digital value chain.

SKALEET

Skaleet is a configurable Core Banking Solution software, allowing financial institutions to launch services in a few months, or to modernize existing business lines - in the service of faster market launch of new products, and reduction of IT run costs. Skaleet has 30 customers in 15 countries.