171 Moroccan projects were financed over the 2019-2021 period via 13 Moroccan, French, American and Middle Eastern collaborative financing platforms. The total funds raised reached 3.7 million DH over the same period. This is what emerges from the results of the Moroccan Crowdfunding barometer, published by Happy Smala, in partnership with ESSEC Africa and In-LAB Africa.
Happy smala, in partnership with ESSEC Africa and In-LAB Africa, has just published a new barometer of Moroccan Crowdfunding for the period 2019 – 2021. This document, the reference barometer on Moroccan collaborative financing, was the subject of a research mission by ESSEC Africa students supervised by experts from happy smala. It gives an inventory of this method of financing used by associations, startups and Moroccan companies. It shows all the vitality, diversity and dynamism of crowdfunding which is constantly growing.
Indeed, the two partners have identified 171 Moroccan projects financed on 13 French, American, Moroccan and Middle Eastern platforms for the benefit of projects in Morocco.
Per campaign, the maximum amount mobilized reached 317,867 DH, while the highest number of contributors per campaign amounted to 1,198. Real growth compared to the 2014 Barometer with just over 2 million dirhams raised.
This period, between 2014 and 2021, was also marked by an evolution of the legislative framework with the adoption of law 15.18 on collaborative financing in March 2021 and with the publication of the first circular notes in June 2022. According to the two partners, “The data collected shows a real enthusiasm for crowdfunding, accelerated following the publication in the Official Bulletin of Law 15.18 for collaborative financing on March 9, 2021 following a first reading in the House of Representatives in January 2020”.
