Moroccan fintech startup Chari raises $12 million Series A

Morocco’s Chari Raises $12M

Morocco-based Chari closed a USD 12 million Series A funding round. The round was led by SPE Capital and Orange... Source

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…

Chari Closes USD 12M Series A, Bags Fintech License For Super App In Morocco

Chari, the YC-backed Moroccan startup digitising informal retail, has raised a USD 12 M Series A, the largest of its kind in Morocco. The round, which follows an undisclosed raise in November 2023, was led by SPE Capital and Orange Ventures, with participation from global and regional investors including Verod-Kepple, Plug and Play, Endeavor Catalyst, and Global Founders Capital. The raise brings Chari’s total funding to USD 17 M. In a landmark …

Moroccan fintech startup Chari raises $12 million Series A

Chari, a fintech and e-commerce startup founded by Ismael Belkhayat and Sophia Alj, has closed a $12 million Series A round, marking the largest Series A ever raised in Morocco and a milestone moment for the country’s startup ecosystem. The round, announced Tuesday, also comes as the company becomes the first VC-backed startup in Morocco to obtain a financial institution license from the country’s central bank.The funding round was led by SPE Ca…