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B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M

TechCrunch

Chari digitizes the largely fragmented FMCG sector in parts of French-speaking Africa, particularly Morocco and Tunisia. CEO Ismael Belkhayat told TechCrunch that Axa was pulling out its credit business — secondary to its core insurance business— from Morocco and saw Chari fit to take over.

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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.

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We Have a Treaty…and It’s Great!

Beneblog: Technology Meets Society

Diplomatic leaders leaders gathered in Marrakesh, Morocco. Last month, leaders from around the world gathered in Marrakesh, Morocco, with the hope of taking a huge step forward and designing that international model. We help more than 250,000 people with print disabilities thanks to our U.S. copyright exception.

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E-Mediat: Social Media and Digital Activism in the Arab World

Beth's Blog: How Nonprofits Can Use Social Media

The highlight of third day was a VIP Lunch with project sponsors, implementation team, and remote participation via skype from members of the In-Country teams in Jordan and Morocco. Widad El Hanafi, Country Director in Morocco gave an overview of the challenges faced by NGOS in her country and social media use.

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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.

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

TechCrunch

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). A wave of disruption of digitizing informal retail stores is sweeping across emerging markets this year, and Chari is joining in on the action. Freterium (Morocco).

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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.

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