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Chari, a Moroccan startup digitizing mom and pop stores, raises $5M at $70M valuation

TechCrunch

Today, a new activity takes us to Morocco, where YC-backed company Chari just raised a $5 million seed round at a valuation of $70million. Rocket Internet, Global Founders Capital and P1 Ventures co-led the round, which is the largest of its kind in Morocco at the moment. Image Credits: Chari.

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Jumia reports 30% growth in value of goods sold on its platform during Black Friday season this year

TechCrunch

As the number of those connected to the internet grows, and shoppers increasingly opt to buy goods online, e-commerce platforms are set to experience a spike in the number of orders made and the value of goods bought — as happened recently with Jumia.

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Meeting the Geeks of Arabia at N2Vlabs Talks in Amman, Jordan

Beth's Blog: How Nonprofits Can Use Social Media

E-Mediat is working with more than 220 NGOs in Jordan, Lebanon, Morocco, Tunisia, and Yemen. This post is brief re-cap about what I learned about technology innovation investments to develop new social media platforms and apps for the Arab World. Rami Al-Karmi, N2V Lab. I’m looking out my hotel window at the Dead Sea in Jordan.

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Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

TechCrunch

Flutterwave hopes to roll out this service to individual merchants on the platform as well. . So despite having the largest payment infrastructure in Africa, we want to have arguably all the important payments systems in the world on our platform.” This is a pain point for these businesses, particularly in Nigeria.

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Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa

TechCrunch

In the latest development, Curacel , a Nigeria-based platform that aims to drive insurance penetration in emerging markets via APIs enabling insurers to connect with digital distribution channels and administer their claims, has raised $3 million in seed funding. So far, its tech caters to distribution and claims automation.

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Algeria’s Yassir picks up $30M to build a super app in North Africa

TechCrunch

at Stanford and spending most of his professional life in Silicon Valley working at various companies, CEO Noureddine Tayebi returned to Algeria to get involved in the country’s nascent tech scene to start a company and build technical talent in the Maghreb region (Algeria, Morocco and Tunisia). After earning a Ph.D. Image Credits: Yassir.

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The First AI Center of Excellence Announced in the United Arab Emirates – Powered by DataRobot

DataRobot

” Just recently, e& enterprise entered a strategic three-year alliance with DataRobot , global AI platform provider, to launch the first AI as a Service (AlaaS) offering in the UAE, Egypt, and Morocco. The Forrester Wave™: AI/ML Platforms, Q3 2022. Industry Analyst Report. Download Now.