Remove Digital Remove Fund Remove Morocco
article thumbnail

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

TechCrunch

If there’s a sector that has seen the biggest uptick in the number of startups and venture capital in emerging markets since the start of last year, it has to be the digitization of mom and pop stores. Rocket Internet, Global Founders Capital and P1 Ventures co-led the round, which is the largest of its kind in Morocco at the moment.

Morocco 100
article thumbnail

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

TechCrunch

According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.

Africa 107
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

TechCrunch

The startup is announcing the acquisition of Morocco-based B2B e-commerce and distribution platform WaystoCap for an undisclosed amount. That business model got WaystoCap into Y Combinator’s Winter batch in 2017, making it the first company accepted from Morocco. The company subsequently raised a $3 million seed round.

Morocco 98
article thumbnail

Morocco’s Chari valued at $100M in bridge round as it looks to pilot BNPL services

TechCrunch

Like many startups playing in the B2B e-commerce space across the continent, Chari digitizes the largely fragmented FMCG sector in Morocco and Tunisia. Chari, a Moroccan startup digitizing mom and pop stores, raises $5M at $70M valuation. It allows these merchants to handle the credit they give to their clients.

Tunisia 95
article thumbnail

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

Beth's Blog: How Nonprofits Can Use Social Media

E-Mediat is funded by the Middle East Partnership Initiative (MEPI) of the United States Department of State with support and in-kind donations from Microsoft, Cisco and craigslist Charitable Fund. E-Mediat is working with more than 220 NGOs in Jordan, Lebanon, Morocco, Tunisia, and Yemen. Rami Al-Karmi, N2V Lab.

Jordan 129
article thumbnail

This YC Summer batch features the largest group of African startups yet

TechCrunch

“This is the largest batch we have ever funded and it’s about 50% international. Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Chari (Morocco). Freterium (Morocco). Amenli (Egypt). FloatPays (South Africa).

Nigeria 122
article thumbnail

MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M

TechCrunch

Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. million orders within this timeframe.