محمد يحي
- DisrupTech Ventures invests in Morocco’s Chari as part of its Series A extension round
- The investment round includes participation from DisrupTech Ventures, Y Combinator, and a group of international and regional investors.
- The funding will help Chari expand its operations across Africa and digitize financial processes in the informal retail sector.
DisrupTech Ventures, a venture capital firm focused on fintech investments, has announced its participation in the Series A extension round of Morocco-based startup Chari, alongside Y Combinator and several international and regional investors.
This marks DisrupTech Ventures’ first investment in Morocco and its second outside Egypt.
Chari aims to expand its services across French-speaking African markets, driving the digital transformation of financial operations in the informal retail sector by reducing cash dependency and providing integrated financial solutions for small shop owners.
Mohamed Okasha, Managing Partner at DisrupTech Ventures, stated that the investment aims to support Chari’s expansion plans and back its founding team in executing their vision, while also securing his firm a seat on the company’s board.
About Chari
Founded in 2020 by Ismael Belkhayat and Sofia Alj, Chari operates as a platform licensed by the Central Bank of Morocco, enabling neighborhood retailers to offer various financial services — including digital payments, microinsurance, and short-term financing.
The platform also allows merchants to order consumer goods directly from distributors through its mobile application.
