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Chari digitizes the largely fragmented FMCG sector in parts of French-speaking Africa, particularly Morocco and Tunisia. The Khatabook-esque platform provides credit and bookkeeping services to about 50,000 merchants. In Morocco, 70% of the population are either unbanked, underbanked or unable to prove recurring income.
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. For MaxAB, that’s its sweet spot.
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.
Appetito , the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma , an identical startup with operations in the Maghreb regions of Tunisia and Morocco. . The deal is expected to close by the end of Q3 2022.
Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent , to the tune of $40 million. Store owners can use the platform to purchase goods, request delivery or logistics to move the goods, and access a customer support team.
In January, the company had over 6,000 merchants using its platform across Namibia, South Africa and Zambia. Chari offers an identical offering in Morocco. B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M. CEO David Akinin said that number has increased by 50%.
Terraa , a Moroccan B2B tech-enabled food distribution platform, has raised $1.5 The startup is bringing change to the fresh food supply chain in Morocco, which Benkirane describes as highly fragmented, still traditional and dominated by intermediaries buying produce from farmers at low prices, only to sell for huge profits. “In
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). The company allows traditional retailers in Morocco and some parts of North Africa to order consumer goods via its platform and handles free delivery to their stores.
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.
TrovaTrip , a travel planning and booking platform that lets creators host adventures with their communities, has raised $15 million in Series A funding led by Madrona. The platform includes bookable experiences like hiking in Patagonia, sourcing textiles in Morocco, practicing yoga in Bali and more. Image Credits: TrovaTrip.
Yassir , an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November. . What’s next for the YC-backed platform with components from Uber, DoorDash, Udaan and PayPal?
Like many startups playing in the B2B e-commerce space across the continent, Chari digitizes the largely fragmented FMCG sector in Morocco and Tunisia. The Khatabook-esque platform provides credit and bookkeeping services to about 50,000 merchants. Last October, the YC-backed company acquired Moroccan ledger book Karny.ma.
“We see many opportunities to unlock value for users across all the categories on our platform and to expand into new countries, and we are looking forward to leveraging Autochek’s market leading loans product and expertise to deliver more transformative experiences for our users,” said Papet in a statement. TLcom and 4DX drive $13.1M
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. The distribution business is essentially its embedded insurance product Grow.
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.
As Mylerz expands to Algeria, Tunisia and Morocco, Fawry, its payments partner, will come along to provide electronic payment and cash collection services. We have the right partners to make this happen and to grow our end-to-end logistics platform,” Mylerz Founder and CEO, Samer Gharaibeh , told 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.
Wheel the World now offers more than 200 destinations, including some new group tours that create itineraries for groups of eight to 10 with guaranteed accessibility, allowing travelers with disabilities to travel together and explore places like Costa Rica, Morocco and Alaska. Seventy-nine percent of the company’s users come from the U.S.,
” 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.
I took a series of screen shots from social media platforms and had the participants discuss and identify what the best Arabic phrase or word. The Morocco Team discussed how Youth Without Borders is a networked network and the Yemen Team pointed out how the Youth Leadership Development Foundation is one as well.
In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. Students on the platform go through two types of programs. The edtech platform has grown from 100 students in its first year to around 4,000 active students today. It raised $850,000 seed in October 2020.
This week have a look at the just completed Open Data for Africa platform and learn more about the brewing open data revolution in the MENA region. The platform has been rolled out to 54 African countries and will support the gathering, access, management and analysis of quality data from African countries.
While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. Some are marketplaces or brokerage platforms connecting shippers with trucks, such as Trella.
Some interesting acquisitions include TLcom-backed Kenyan consumer experience platform Ajua buying WayaWaya ; Nigerian bus booking and Techstars-backed Treepz expanding into Ghana and Ugabus after getting Stabus and Ugabus ; and Flutterwave making a foray into the creator economy space with the Disha acquisition.
Among the over 20 major businesses the startup is currently working with are pan-African fast-food giant Simbisa Brands, fast-moving consumer goods conglomerate Chandaria Industries, whose family office invested in its latest round, B2B e-commerce distribution platform Twiga, and ShopZetu, a fashion marketplace. “As
And that is how he embarked on building Ponea as a “genuinely patient-centric platform.”. To get listed on Ponea’s platform, providers are first vetted and rated, using its own rating system, which uses data from the government’s database and physicians’ certifications. This means we do not build what is available.
Its platform connects over 6,000 retailers to local and multinational suppliers — such as Namibia Breweries Limited, ABInBev, Bokomo, Coca-Cola, Namibmills — and digitizes orders, payments and logistics. One of the earliest in the space, Nigerian B2B e-commerce platform TradeDepot , raised a combined $110 million in debt and equity.
The platform, which will allow broker-dealers, asset managers, pension funds, and institutional investors to access markets outside their own country, is announcing its launch to the public today. Breaking down how SecondSTAX works, Tawiah says to think of his company’s platform as a layer in a series of concentric circles.
Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. Post-pandemic, used car platforms are booming — the latest is Spotawheel with €100M. Some include U.K.’s
At $3 billion, Flutterwave is currently the highest valued African startup, surpassing the $2 billion valuation set by SoftBank-backed fintech OPay and FTX-backed cross-border payments platform Chipper Cash last year. The number of businesses using its platform has also increased. and the U.K.
’s ICO, Canada’s OPC and Hong Kong’s OPCPD, has urged mainstream social media platforms to protect users’ public posts from scraping — warning they face a legal responsibility to do so in most markets. A joint statement signed by regulators at a dozen international privacy watchdogs, including the U.K.’s
Since the start of this year, Jambo has already signed up over 12,000 students across 15 countries (Morocco, Nigeria, Ethiopia, Equatorial Guinea, Uganda, Kenya, Congo, Uganda, Rwanda, DR Congo, Tanzania, Zambia, Namibia, Madagascar and South Africa) to take a curated web3 curriculum, both online and offline.
And that’s what we’re building on our platform,” Dufay said in an interview with TechCrunch. “As The 10-year-old e-commerce platform has partnered with over 10 banks and fintech players to scale this effort. “Building supply is the right thing to do, especially in a tough market and macroeconomic context.
Looking further out, Fenix wants its footprint to cover the greater Middle Eastern region, from Morocco to Pakistan. Fenix launches ride-hailing service in Bahrain. Dhanoa says Fenix is also working to expand its e-scooter presence in current markets.
Spanish on-demand delivery platform Glovo today announced plans to double its investment in Africa and expand its operations on the continent. Despite that, a couple of food delivery platforms like Gokada and Jumia Food, a subsidiary of e-commerce giant Jumia, have tried to scale, finding varying degrees of success doing so.
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.
An initial solution was built on the Salesforce platform to provide a framework for managing relationships and basic process automation. After the first implementation with EFE-Jordan, Salesforce was gradually rolled out across EFE Affiliates in Tunisia, Morocco, Palestine, Saudi Arabia, Egypt, Yemen, and United Arab Emirates.
However, it is unclear whether OpenAI is developing an in-house tuning tool that is meant to complement platforms like Scale AI or serve a different purpose altogether. May 3, 2023 Hackers are using ChatGPT lures to spread malware on Facebook Meta said in a report on May 3 that malware posing as ChatGPT was on the rise across its platforms.
Robbin-Coker, on the call, said the partnership leverages Pay1st, the gaming startup’s monetization-as-a-service platform used for the company’s games and that of third-party publishers. . In other words, Carry1st will act as Riot’s payments partner in Africa. .
Morocco ‘s social security agency said troves of data were stolen from its systems in a cyberattack this week that resulted in personal information being leaked on the messaging app Telegram. Relations between Algeria and Morocco have recently deteriorated to historic lows.
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