US EditionMoroccan FinTech Chari Bags $12m Series A Round
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9 Articles
The Moroccan startup Chari, specializing in the digitalization of the local business, announces a fundraising of $12 million in Series A, as well as the obtaining of the payment establishment license issued by Bank Al-Maghrib. To date, it is the largest fundraising of this type ever recorded...
Moroccan start-up Chari, a leading figure in B2B e-commerce, has completed a $12 million A-series fundraiser, the largest ever registered in Morocco. With this round table, the fintech founded by the couple Ismael and Sophia Belkhayat intends to accelerate its regional expansion and transform its platform into a real market superapplication that integrates complete financial services. In just four years, Chari has become one of the most promisin…
Chari Secures $12M Series A, Becomes Morocco’s First VC-Backed Startup to Obtain Financial Institution License
Chari, the Casablanca, Morocco-based YC-backed fintech and e-commerce platform founded in 2020 by husband-and-wife duo Ismael Belkhayat (ex-BCG) and Sophia Alj (ex-McKinsey), has raised $12 million in a Series A round, marking the largest Series A ever closed in Morocco. The round was co-led by SPE Capital and Orange Ventures, with participation from Verod-Kepple, Global Founders Capital, Plug and Play, Endeavor Catalyst, Pincus Capital, Al Khwa…
Moroccan startup Chari nets $12m series A funding to power retail and BaaS growth
Moroccan B2B e-commerce and fintech startup Chari secured $12 million in series A funding to expand its services for local retailers and introduce a Banking-as-a-Service (BaaS) platform. The round was co-led by SPE Capital, a private equity firm based in Tunisia, and Orange Ventures, the investment arm of the global telecom company. Other participants include Verod-Kepple Africa Ventures, Plug and Play, Endeavor Catalyst, and Pincus Capital. Fou…
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