Damanesign, a Moroccan-based startup has secured US$450,000 from the Maroc Numeric Fund II.
The platform provides firms with digital trust solutions, enabling them to stamp their digital footprints.
The startup enables users to execute signatory functions in fully secured scale security.
Zouhair Hamdaoui founded the startup in 2021 and it also provides signature transactions for advanced management.
Damanesign plans to use the secured fund to develop its product and expand its operations following its US$450,000 funding round led by MITC Capital’s Maroc Numeric Fund II.
Dounia Boumehdi, Managing Director of MITC Capital said that the adoption of Law 43-20 as related to digital trust has opened the way to access more digital services including electronic signature.
“The COVID-19 crisis has demonstrated the importance for companies, public administrations, and individuals to have end-to-end dematerialized processes, allowing to fluidify transactions of any nature”
According to Boumehdi, MITC Capital’s investment is also a part of this new digital approach as it allows firms to leverage the startups’ full services.
Offers its solution in legal, immovable, legal, bank, insurance, public administration, finance, retail and education.
Through its electronic signature users through these 3 steps
- Upload your documents
- Sign and get signed
- Keep your documents
With the platform, users are guaranteed
- Legal electronic signatures
- Secure hosting
- Data encryption
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