Moroccan Fintech Woliz Raises $2.2M Pre-Seed to Digitize Small Retailers, Sets Up Chari Showdown
Woliz raised $2.2 million in pre-seed funding led by Sanlam Maroc. The startup's platform connects small merchants with suppliers and financial institutions.
Backed by $1 million, Zazu is building a Mercury-style banking experience for African SMEs
Zazu raised $1 million in pre-seed funding to accelerate its rollout in South Africa and Morocco. The funding round included participation from Plug and Play Ventures and several fintech founders.
DisrupTech Ventures invests in Morocco’s YC-backed Chari to deepen fintech push
Chari raised an undisclosed amount from DisrupTech Ventures as part of its Series A extension round. In October, Chari raised $12 million in a Series A round led by SPE Capital and Orange Ventures.
Africa’s next billion-dollar startups will come from fixing the invisible systems of commerce
Investment in Africa's e-commerce sector has reached $2.27 billion since 2019, with a significant portion directed towards retail tech. Venture firms are now focusing on B2B solutions that address critical operational problems rather than consumer-focused startups.
